pointe coupee parish police jury - i-Deal Prospectus

This Preliminary Official Statement and the information contained herein are subject to completion or amendment. These securities may not be sold nor may an offer to buy be accepted prior tothe time the Official Statement is delivered in final form. Under no circumstances shall this Preliminary Official Statement constitute an offer to sell or the solicitation of an offer to buy nor shallthere be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.As of its date, this Preliminary Official Statement has been deemed final by the Issuer for purposes of Rule 15c2-12 of the Securities and Exchange Commission.NEW ISSUE PRELIMINARY OFFICIAL STATEMENT RATING:Book-Entry Only (Optional) DATED NOVEMBER 2, 2011 S&P: “___”In the opinion of Bond Counsel, under existing laws, the interest on the Bonds is excluded from gross income for Federalincome tax purposes as provided in Appendix “G.” See “TAX EXEMPTION” herein. Under the Act, the Bonds are exemptfrom all taxation in the State of Louisiana.$6,500,000SALES TAX BONDS (ROAD IMPROVEMENT), SERIES 2011PARISH OF POINTE COUPEE, STATE OF LOUISIANADated: Date of Delivery Due: September 1, 2013 to September 1, 2026The referenced Bonds 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., asnominee of The Depository Trust Company, New York, New York (“DTC”) (unless the successful bidder elects at the timeof the sale to require bonds in other than book-entry form). DTC will act as securities depository for the Bonds.Purchasers of the Bonds will not receive certificates representing their interest in the Bonds purchased. Purchasesof the Bonds may be made only in book-entry form in authorized denominations by credit to participating broker-dealersand other institutions on the books of DTC as described herein. Principal of and interest on the Bonds is payable at theprincipal corporate trust office of JPMorgan Chase Bank, N.A., in the City of Baton Rouge, Louisiana, or any successorpaying agent (the “Paying Agent”), or any successor paying agent (the “Paying Agent”) to DTC, which will remit suchpayments in accordance with its normal procedures, as described herein. Interest on the Bonds is payable on March 1, 2012,and semiannually thereafter on March 1 and September 1 of each year. See “BOOK-ENTRY ONLY SYSTEM” herein.The Bonds maturing September 1, 2022, and thereafter, are callable for redemption by the Issuer in full or in part at anytime on or after September 1, 2021, and if less than a full maturity, then by lot within such maturity, at the principal amountthereof and accrued interest to the date fixed for redemption. Bonds are not required to be redeemed in inverse order ofmaturity.The Bonds and the Outstanding Parity Bonds (hereinafter defined) are secured by and payable solely from anirrevocable pledge and dedication of the Issuer’s one-half of one percent (1%) sales and use tax now being leviedand collected by the Issuer pursuant to an election held in the Issuer on May 3, 1997, and renewed on November 2,2010, subject only to the prior payment of the reasonable and necessary costs and expenses of collecting andadministering the tax. The Bonds are being issued for the purpose of constructing, improving and resurfacing public roadsand bridges in the Issuer, including incidental damage and acquiring equipment, and paying the costs of issuance of theBonds. The Bonds are being issued on a parity in all respects with the Issuer’s outstanding $615,000 Road ImprovementRefunding Bonds, Series ST-2003, maturing September 1, 2012 (the “Outstanding Parity Bonds”).MATURITY SCHEDULE(Base CUSIP No. ______)Due Interest Price Due Interest PriceSept. 1 Amount Rate or Yield CUSIPs Sep. 1 Amount Rate or Yield CUSIPs2013 $345,000 % % 2020 $465,000 % %2014 360,000 % % 2021 490,000 % %2015 375,000 % % 2022 510,000 % %2016 390,000 % % 2023 535,000 % %2017 410,000 % % 2024 555,000 % %2018 430,000 % % 2025 580,000 % %2019 445,000 % % 2026 610,000 % %The Bonds are offered subject to the approving opinion of Foley & Judell, L.L.P. It is expected that the Bonds will bedelivered in Baton Rouge, Louisiana, and will be available for delivery to DTC in New York, New York on or aboutDecember 15, 2011, against payment therefor.ELECTRONIC BIDS VIA PARITY® OR SEALED BIDS WILL BE RECEIVED BY THE PARISHPOLICE JURY OF THE PARISH OF POINTE COUPEE, STATE OF LOUISIANA, AT THE PARISHPOLICE JURY OFFICE, COURTHOUSE ANNEX, 160 E. MAIN STREET, NEW ROADS,LOUISIANA 70760, UNTIL:FIVE (5:00) O'CLOCK P.M., CENTRAL (LOUISIANA) TIMETUESDAY, NOVEMBER 8, 2011The date of this Official Statement is November __, 2011. 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 themaking of an informed investment decision.CUSIP Numbers © Copyright 2011, American Bankers Association. CUSIP data herein is provided by Standard &Poor's, CUSIP Service Bureau, a division of The McGraw Hill Companies, Inc. The Issuer takes no responsibility for theaccuracy 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 POLICE JURY OF THEPARISH OF POINTE COUPEE, STATE OF LOUISIANA (THE “GOVERNING AUTHORITY”), THE GOVERNING AUTHORITY OF THEPARISH OF POINTE COUPEE, STATE OF LOUISIANA (THE “ISSUER”), TO GIVE ANY INFORMATION OR TO MAKE ANYREPRESENTATIONS WITH RESPECT TO THE OBLIGATIONS HEREIN DESCRIBED OTHER THAN THOSE CONTAINED IN THISOFFICIAL STATEMENT, AND IF GIVEN OR MADE, SUCH OTHER INFORMATION OR REPRESENTATIONS MUST NOT BE RELIEDUPON AS HAVING BEEN AUTHORIZED BY THE GOVERNING AUTHORITY. THE INFORMATION SET FORTH HEREIN HAS BEENOBTAINED FROM SOURCES WHICH ARE BELIEVED TO BE RELIABLE BUT IS NOT GUARANTEED AS TO ACCURACY ORCOMPLETENESS. 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 ANYCIRCUMSTANCES CREATE ANY IMPLICATION THAT THERE HAS BEEN NO CHANGE IN THE AFFAIRS OF THE ISSUER SINCETHE DATE HEREOF.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 ITSENTIRETY DIRECTLY FROM SUCH WEBSITE.TABLE OF CONTENTSINTRODUCTION .................................... 1Security for the Bonds ................................. 1Purpose of Issue ...................................... 2THE BONDS ......................................... 2The Issue ........................................... 2Date of Issue......................................... 2Authority for Issue .................................... 2Average Life......................................... 2Form and Denomination ............................... 3Maturities; Interest Payment Dates ....................... 3Provisions Applicable if Book-Entry OnlySystem is Terminated ............................. 3General .......................................... 3Place of Payment ................................... 3Payment of Interest ................................. 3Provisions for Transfer, Registration and Assignment...... 4Redemption Provisions ................................ 4BOOK-ENTRY ONLY SYSTEM ..................... 4BIDDING INFORMATION .......................... 7Date of Sale ......................................... 7Hour of Sale ......................................... 7Place of Sale ......................................... 7Electronic Bids ....................................... 8Disclaimer .......................................... 8Electronic Bidding Procedures .......................... 8Sealed Paper Bids..................................... 9Bid Requirements..................................... 9Bond Insurance ...................................... 10Reoffering Prices .................................... 10Method of Award .................................... 11Delivery Date, Manner and Place ....................... 11CUSIP Numbers..................................... 11Additional Official Statements.......................... 12INFORMATION RELATING TO THE SALESAND USE TAX SECURING THE PAYMENT OFTHE BONDS AND THE OUTSTANDINGPARITY BONDS .................................. 12Authority for Levy of the Tax .......................... 12Description of the Tax ................................ 13Collection of the Tax ................................. 13Comparative Monthly Sales Tax Collections .............. 14Sales Tax Dealers.................................... 14ESTIMATED COVERAGE .......................... 14SECURITY PROVISIONS ANDPROTECTIVE COVENANTS ....................... 15Pledge of Revenues .................................. 15Funds and Accounts .................................. 15Issuance of Additional Parity Bonds ..................... 17Reserve Fund Surety Bond ............................ 18ADDITIONAL PROVISIONS OF THEBOND ORDINANCE ............................... 19Bond Ordinance to Constitute Contract ................... 19Tax Covenants of the Issuer............................ 19Supplemental Ordinances ............................. 19Events of Default .................................... 20Defeasance ......................................... 21Continuation of Tax Levy ............................. 21TAX EXEMPTION .................................. 22Interest on Bonds .................................... 22State Taxes ......................................... 22Alternative Minimum Tax Consideration ................. 22General ............................................ 22Qualified Tax-Exempt Obligations (Bank Deductibility) ..... 23Tax Treatment of Original Issue Premium ................ 23Original Issue Discount ............................... 24Changes in Federal and State Tax Law ................... 24BOND RATING .................................... 24LEGAL MATTERS ................................. 25GOVERNING AUTHORITY ........................ 25CONTINUING DISCLOSURE ...................... 25ADDITIONAL INFORMATION ..................... 26CERTIFICATION AS TOOFFICIAL STATEMENT ........................... 26MISCELLANEOUS ................................. 26MAPSAppendix “A” - Notice of Bond SaleAppendix “B” - Financial and Statistical Data Relative tothe Parish of Pointe Coupee, State of LouisianaAppendix “C” - Audited Financial StatementsAppendix “D” - BudgetAppendix “E” - Debt StatementAppendix “F” - Estimated Annual Debt ServiceRequirementsAppendix “G” - Form of Legal OpinionAppendix “H” - Form of Continuing DisclosureCertificate

OFFICIALSPOINTE COUPEE PARISH, STATE OF LOUISIANAPOINTE COUPEE PARISH POLICE JURYMelanie Bueche, District 6, PresidentRussell Young, District 3, Vice PresidentAllen Monk, District 1John Pourciau, District 2Glenn Ray Cline, District 4Willie Olinde, District 5Albert Dukes, District 7Cornell Dukes, District 8Janet Vosburg, District 9Kurt Jarreau, District 10Joseph Bergeron, Sr., District 11Clifford Nelson, District 12PARISH ADMINISTRATOROwen “Jimmy” BelloSECRETARYGerrie MartinTREASURERRebecca L. MayeuxPARISH COUNSELJohn Wayne JewellBOND COUNSELFoley & Judell, L.L.P.

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PRELIMINARY OFFICIAL STATEMENT$6,500,000SALES TAX BONDS (ROAD IMPROVEMENT), SERIES 2011PARISH OF POINTE COUPEE, STATE OF LOUISIANAINTRODUCTIONThis Official Statement of the Parish of Pointe Coupee, State of Louisiana (the“Issuer” or the “Parish”) provides information with respect to the referenced bonds (the “Bonds”).This Official Statement contains summaries of certain provisions of the ordinance to be adopted bythe Parish Police Jury of the Parish of Pointe Coupee, State of Louisiana (the “GoverningAuthority”) on November 8, 2011, pursuant to which the Bonds are being issued (the “BondOrdinance”).The Parish is located within the central portion of the State of Louisiana (the “State”).The Parish has an area of approximately 557 square miles and a 2010 population of approximately22,802.Brief descriptions of the Parish, the Bonds, the Bond Ordinance, the Act (hereinafterdefined) and other proceedings described herein are contained in this Official Statement, andreference to such matters is qualified by reference to such entity, act, ordinance, or proceeding soreferred to or summarized.Additional information about the Parish is included in Appendix “B” hereto. Auditedfinancial statements of the Governing Authority appear in Appendix “C” hereto. The proposed formof opinion of Foley & Judell, L.L.P., is included in Appendix “G” hereto.Reference in this Official Statement to owner, holder, registered owner, Bondholderor Bondowner means the registered owner of the Bonds determined in accordance with the BondOrdinance.Security for the BondsMaps of the area are included before Appendix “A” hereto.The Bonds and the Outstanding Parity Bonds (hereinafter defined) are payable solelyfrom and secured by an irrevocable pledge and dedication of the Issuer’s one-half of one percent(1/2%) sales and use tax being levied and collected by the Issuer pursuant to an election held in theIssuer on May 3, 1997, and renewed in an election held in the Issuer on November 2, 2010 (the“Tax”), subject only to the prior payment of the reasonable and necessary costs and expenses of-1-

collecting and administering the Tax (the “Revenues of the Tax”). The Bonds are being issued ona parity in all respects with the Issuer’s outstanding $615,000 Road Improvement Refunding Bonds,Series ST-2003, dated January 1, 2003, maturing September 1, 2012 (the “Outstanding ParityBonds”), pursuant to an ordinance adopted by the Governing Authority on December 10, 2002, assupplemented and amended by an ordinance adopted on January 14, 2003 (the “Outstanding ParityBond Ordinance”). For additional information, see “SECURITY PROVISIONS AND PROTEC-TIVE COVENANTS” herein.The Bonds rank equally with and enjoy complete parity of lien with the OutstandingParity Bonds on the Revenues of the Tax, and the lien of the Owners of the Bonds and the Ownersof the Outstanding Parity Bonds on the Revenues of the Tax will be prior and superior to the lien onsuch Revenues of the Tax of any obligations hereafter issued and payable therefrom except paripassu additional obligations hereafter issued within the terms, limitations and restrictions containedin the Bond Ordinance and the Outstanding Parity Bond Ordinance. See “SECURITY PROVI-SIONS AND PROTECTIVE COVENANTS-Issuance of Additional Parity Bonds.”Purpose of IssueThe Bonds are being issued for the purpose of constructing, improving andresurfacing public roads and bridges within the Issuer including incidental drainage and acquiringequipment, and paying the costs of issuance of the Bonds.The IssueTHE BONDSSix Million Five Hundred Thousand Dollars ($6,500,000) of Sales Tax Bonds (RoadImprovement), Series 2011, of the Issuer are being issued.Date of IssueThe Bonds are dated as of the expected delivery date, which is anticipated to beDecember 15, 2011.Authority for IssueThe Bonds are authorized under the provisions of Sub-Part F, Part III, Chapter 4 ofTitle 39 of the Louisiana Revised Statutes of 1950, as amended (the “Act”), and other constitutionaland statutory authority.Average LifeThe average life of the Bonds is approximately 8.92 years from their dated date.-2-

Form and DenominationThe Bonds are initially issuable as fully registered bonds in “book-entry” only formand registered in the name of Cede & Co., as nominee of The Depository Trust Company, NewYork, New York (“DTC”). DTC will act as securities depository for the Bonds, and purchasers ofthe 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 FiveThousand Dollars ($5,000) or any integral multiple thereof within a single maturity.The winning bidder(s) (the “Purchaser”) at the time of the sale, however, may electto not receive book-entry only Bonds, in which case the Purchaser will receive one type written Bondper maturity, exchangeable in the manner provided in the Bond Ordinance.Maturities; Interest Payment DatesThe Bonds will mature on September 1 in the years and in the principal amountsindicated on the cover page of this Official Statement and will bear interest from the dated date ofthe Bonds, payable on March 1 and September 1 of each year, commencing March 1, 2012 (each an“Interest Payment Date”), at the rates per annum indicated on the cover page hereof. The Bondsshall bear interest from the date thereof or from the most recent Interest Payment Date to whichinterest has been paid or duly provided for.Provisions Applicable if Book-Entry Only System is TerminatedGeneral. Purchasers of Bonds will receive principal and interest payments, and maytransfer and exchange Bonds, pursuant to the following provisions only if the book-entry only systemis terminated. Otherwise, payments and transfers will be made only as described above under“Book-Entry Only System.”Place of Payment. Principal of the Bonds is payable at JPMorgan Chase Bank, N.A.,Baton Rouge, Louisiana, or any successor thereto (the “Paying Agent”).Payment of Interest. Upon discontinuation of the book-entry only system, intereston the Bonds will be payable by check mailed on or before the Interest Payment Date by the PayingAgent to the registered owner, determined as of the close of business on the 15th calendar day of themonth next preceding an Interest Payment Date, whether or not such day is a Business Day (the“Record Date”), at the address of such registered owner as it appears on the registration books of thePaying Agent.The person in whose name any Bond is registered at the close of business on theRecord Date with respect to an Interest Payment Date (unless such Bond has been called forredemption on a redemption date which is prior to such Interest Payment Date) shall be entitled toreceive the interest payable with respect to such Interest Payment Date notwithstanding thecancellation of such Bond upon any registration of transfer or exchange thereof subsequent to suchRecord Date and prior to such Interest Payment Date.-3-

Provisions for Transfer, Registration and Assignment. The Bonds may betransferred, registered and assigned only on the registration books of the Paying Agent, and suchregistration shall be at the expense of the Issuer. A Bond may be assigned by the execution of anassignment form on the Bonds or by other instruments of transfer and assignment acceptable to thePaying Agent. A new Bond or Bonds of the same series will be delivered by the Paying Agent tothe last assignee (the new registered owner) in exchange for such transferred and assigned Bondsafter receipt of the Bonds to be transferred in proper form. Such new Bond or Bonds must be in thedenomination of $5,000 or any integral multiple thereof within a single maturity. Neither the Issuernor the Paying Agent shall be required to issue, register the transfer of, or exchange any Bond duringa period beginning at the opening of business on the 15th day of the month next preceding an InterestPayment Date and ending at the close of business on the Interest Payment Date.Redemption ProvisionsThe Bonds maturing September 1, 2022, and thereafter, are callable for redemptionby the Issuer in full or in part at any time on or after September 1, 2021, and if less than a fullmaturity, then by lot within such maturity, at the principal amount thereof and accrued interest to thedate fixed for redemption.In the event a Bond to be redeemed is of a denomination larger than $5,000, a portionof such Bond ($5,000 or any multiple thereof) may be redeemed. Bonds are not required to beredeemed in inverse order of maturity. Official notice of such call of any of the Bonds forredemption shall be given by first class mail, postage prepaid, by notice deposited in the UnitedStates mails not less than thirty (30) days prior to the redemption date addressed to the registeredowner of each Bond to be redeemed at his address as shown on the registration books of the PayingAgent. The Issuer shall designate the maturities to be redeemed.BOOK-ENTRY ONLY SYSTEMThe Bonds initially will be issued solely in book-entry only form to be held in thesystem maintained by DTC. So long as such book-entry only system is used, only DTC will receiveor have the right to receive physical delivery of the Bonds and Beneficial Owners will not be or beconsidered to be, and will not have any rights as, owners or holders of the Bonds under the BondOrdinance.The following information about the book-entry only system applicable to the Bonds has been suppliedby 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 securitiesdepository for the Bonds. The Bonds will be issued as fully-registered bonds registered in the nameof Cede & Co. (DTC’s partnership nominee) or such other name as may be requested by anauthorized representative of DTC. One fully-registered Bond will be issued for each maturity of theBonds, in the aggregate principal amount of such maturity, and will be deposited with DTC.-4-

2. DTC, the world’s largest securities depository, is a limited-purpose trust companyorganized under the New York Banking Law, a “banking organization” within the meaning of theNew York Banking Law, a member of the Federal Reserve System, a “clearing corporation” withinthe meaning of the New York Uniform Commercial Code, and a “clearing agency” registeredpursuant to the provisions of Section 17A of the Securities Exchange Act of 1934. DTC holds andprovides asset servicing for over 3.5 million issues of U.S. and non-U.S. equity issues, corporate andmunicipal debt issues, and money market instruments (from over 100 countries) that DTC’sparticipants (“Direct Participants”) deposit with DTC. DTC also facilitates the post-trade settlementamong Direct Participants of sales and other securities transactions in deposited securities, throughelectronic computerized book-entry transfers and pledges between Direct Participants’ accounts.This eliminates the need for physical movement of securities certificates. Direct Participants includeboth 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 SecuritiesClearing Corporation and Fixed Income Clearing Corporation, all of which are registered clearingagencies. DTCC is owned by the users of its regulated subsidiaries. Access to the DTC system isalso available to others such as both U.S. and non-U.S. securities brokers and dealers, banks, trustcompanies, and clearing corporations that clear through or maintain a custodial relationship with aDirect 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 Securitiesand 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 DirectParticipants, which will receive a credit for the Bonds on DTC’s records. The ownership interestof each actual purchaser of each Bond (“Beneficial Owner”) is in turn to be recorded on the Directand Indirect Participants’ records. Beneficial Owners will not receive written confirmation fromDTC of their purchase. Beneficial Owners are, however, expected to receive written confirmationsproviding details of the transaction, as well as periodic statements of their holdings, from the Director Indirect Participant through which the Beneficial Owner entered into the transaction. Transfersof ownership interests in the Bonds are to be accomplished by entries made on the books of Directand Indirect Participants acting on behalf of Beneficial Owners. Beneficial Owners will not receivecertificates representing their ownership interests in Bonds, except in the event that use of thebook-entry system for the Bonds is discontinued.4. To facilitate subsequent transfers, all Bonds deposited by Direct Participants withDTC are registered in the name of DTC’s partnership nominee, Cede & Co., or such other name asmay be requested by an authorized representative of DTC. The deposit of Bonds with DTC and theirregistration in the name of Cede & Co. or such other DTC nominee do not effect any change inbeneficial ownership. DTC has no knowledge of the actual Beneficial Owners of the Bonds; DTC’srecords 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 remainresponsible for keeping account of their holdings on behalf of their customers.-5-

5. Conveyance of notices and other communications by DTC to Direct Participants, byDirect Participants to Indirect Participants, and by Direct Participants and Indirect Participants toBeneficial Owners will be governed by arrangements among them, subject to any statutory orregulatory requirements as may be in effect from time to time. Beneficial Owners of Bonds maywish to take certain steps to augment the transmission to them of notices of significant events withrespect to the Bonds, such as redemptions, tenders, defaults, and proposed amendments to the Bonddocuments. For example, Beneficial Owners of Bonds may wish to ascertain that the nomineeholding 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 registrarand 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 issueare being redeemed, DTC’s practice is to determine by lot the amount of the interest of each DirectParticipant in such issue to be redeemed.7. Neither DTC nor Cede & Co. (nor any other DTC nominee) will consent or vote withrespect to Bonds unless authorized by a Direct Participant in accordance with DTC’s MMIProcedures. Under its usual procedures, DTC mails an Omnibus Proxy to the Issuer as soon aspossible after the record date. The Omnibus Proxy assigns C ede & Co.’ s consenting or voting rightsto those Direct Participants to whose accounts Bonds are credited on the record date (identified ina listing attached to the Omnibus Proxy).8. Redemption proceeds, distributions, and dividend payments on the Bonds will bemade to Cede & Co., or such other nominee as may be requested by an authorized representative ofDTC. DTC’s practice is to credit Direct Participants’ accounts upon DTC’s receipt of funds andcorresponding detail information from the Issuer or Paying Agent, on payable date in accordancewith their respective holdings shown on DTC’s records. Payments by Participants to BeneficialOwners will be governed by standing instructions and customary practices, as is the case withsecurities held for the accounts of customers in bearer form or registered in “street name,” and willbe the responsibility of such Participant and not of DTC, Paying Agent, or the Issuer, subject to anystatutory or regulatory requirements as may be in effect from time to time. Payment of redemptionproceeds, distributions, and dividend payments to Cede & Co. (or such other nominee as may berequested by an authorized representative of DTC) is the responsibility of the Issuer or PayingAgent, disbursement of such payments to Direct Participants will be the responsibility of DTC, anddisbursement of such payments to the Beneficial Owners will be the responsibility of Direct andIndirect Participants.9. DTC may discontinue providing its services as depository with respect to the Bondsat 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 anddelivered.10. The Issuer may decide to discontinue use of the system of book-entry only transfersthrough DTC (or a successor securities depository). In that event, Bonds will be printed anddelivered to DTC.-6-

11. The information in this section concerning DTC and DTC’s book-entry system hasbeen obtained from sources that the Issuer believes to be reliable, but the Issuer takes noresponsibility for the accuracy thereof.THE ISSUER CANNOT AND DOES NOT GIVE ANY ASSURANCES THAT THEDTC PARTICIPANTS OR THE INDIRECT PARTICIPANTS WILL DISTRIBUTE TO THEBENEFICIAL OWNERS OF THE BONDS (i) PAYMENTS OF PRINCIPAL OF OR INTERESTAND PREMIUM, IF ANY, ON THE BONDS; (ii) CONFIRMATION OF BENEFICIALOWNERSHIP INTERESTS IN BONDS; OR (iii) REDEMPTION OR OTHER NOTICES SENTTO 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 PARTICIPANTSOR INDIRECT PARTICIPANTS WILL SERVE AND ACT IN THE MANNER DESCRIBED INTHIS OFFICIAL STATEMENT. THE CURRENT “RULES” APPLICABLE TO DTC ARE ONFILE WITH THE SECURITIES AND EXCHANGE COMMISSION AND THE CURRENT“PROCEDURES” OF DTC TO BE FOLLOWED IN DEALING WITH DTC PARTICIPANTS AREON FILE WITH DTC.NEITHER THE ISSUER NOR THE PAYING AGENT WILL HAVE ANYRESPONSIBILITY OR OBLIGATIONS TO SUCH DTC PARTICIPANTS OR THE BENEFICIALOWNERS WITH RESPECT TO (1) THE ACCURACY OF ANY RECORDS MAINTAINED BYDTC OR ANY DTC PARTICIPANT; (2) THE PAYMENT BY ANY DTC PARTICIPANT OFANY AMOUNT DUE TO ANY BENEFICIAL OWNER IN RESPECT OF THE PRINCIPALAMOUNT OR INTEREST OR PREMIUM, IF ANY, ON THE BONDS; (3) THE DELIVERY BYANY DTC PARTICIPANT OF ANY NOTICE TO ANY BENEFICIAL OWNER WHICH ISREQUIRED OR PERMITTED UNDER THE TERMS OF THE BOND ORDINANCE TO BEGIVEN TO BONDHOLDERS; (4) THE SELECTION OF THE BENEFICIAL OWNERS TORECEIVE PAYMENT IN THE EVENT OF ANY PARTIAL REDEMPTION OF THE BONDS;OR (5) ANY CONSENT GIVEN OR OTHER ACTION TAKEN BY DTC AS BONDHOLDER.Date of SaleHour of SalePlace of SaleTuesday, November 8, 2011.BIDDING INFORMATIONFive (5:00) o’clock p.m., Central (Louisiana) Time.Parish Police Jury Office, Couthouse Annex, 160 E. Main Street, New Roads,Louisiana 70760, telephone 225-638-9556.-7-

Electronic BidsElectronic bids will be received for the Bonds via PARITY®, in the manner describedbelow, until five (5:00) o’clock p.m., Louisiana time, on Tuesday, November 8, 2011.Bids may be submitted electronically via PARITY® pursuant to the Official Noticeof Bond Sale (see Appendix “A” hereto) until five (5:00) o’clock p.m., local Louisiana time, but nobid will be received after the time for receiving bids specified above. To the extent any instructionsor directions set forth in PARITY® conflict with the Official Notice of Bond Sale, the terms of theOfficial Notice of Bond Sale shall control. For further information about PARITY®, potentialbidders may contact PARITY® at (212) 849-5021.DisclaimerEach prospective electronic bidder shall be solely responsible to register to bid viaPARITY® as described above. Each qualified prospective electronic bidder shall be solelyresponsible to make necessary arrangements to access PARITY® for the purposes of submitting itsbid in a timely manner and in compliance with the requirements of the Notice of Sale. Neither theIssuer nor PARITY®, shall have any duty or obligation to provide or assure access to PARITY® toany prospective bidder, and neither the Issuer nor PARITY® shall be responsible for a bidder'sfailure to register to bid or for proper operation of, or have any liability for any delays orinterruptions of, or any damages caused by, PARITY®. The Issuer is using PARITY® as acommunication mechanism, and not as the Issuer's agent, to conduct the electronic bidding for theBonds. No other form of electronic bid or provider of electronic bidding services will be accepted.The Issuer is not bound by any advice and determination of PARITY® to the effect that anyparticular bid complies with the terms of this Official Notice of Bond Sale and in particular the “BidRequirements” hereinafter set forth. All costs and expenses incurred by prospective bidders inconnection with their registration and submission of bids via PARITY® are the sole responsibilityof the bidders; and the Issuer is not responsible, directly or indirectly, for any of such costs orexpenses. If a prospective bidder encounters any difficulty in submitting, modifying or withdrawinga bid for the Bonds, he should telephone PARITY® at (212) 849-5021 and notify the Issuer’s BondCounsel, Foley & Judell, L.L.P. at (504) 568-1249.Electronic Bidding ProceduresElectronic bids must be submitted for the purchase of the Bonds via PARITY®. Bidswill be communicated electronically to the Issuer at five (5:00) o’clock p.m., local Louisiana time,on November 8, 2011. Prior to that time, a prospective bidder may (1) submit the proposed termsof its bid via PARITY®, (2) modify the proposed terms of its bid, in which event the proposed termsas last modified will (unless the bid is withdrawn as described herein) constitute its bid for theBonds, or (3) withdraw its proposed bid. Once the bids are communicated electronically viaPARITY® to the Issuer, each bid will constitute an irrevocable offer to purchase the Bonds on theterms therein provided. For purposes of the electronic bidding process, the time as maintained onPARITY® shall constitute the official time.-8-

Sealed Paper BidsBids will also be accepted in written form on the Official Bid Form. Each sealedpaper bid must be in written form on the Official Bid Form in a sealed enveloped marked “Proposalfor the Purchase of $6,500,000 of Sales Tax Bonds (Road Improvement), Series 2011, of the Parishof Pointe Coupee.” For purposes of accepting written bids, the time as maintained on PARITY®shall constitute the official time.Bid RequirementsEach bid, whether submitted as a sealed bid or electronically (i) shall be for the fullprincipal amount of the Bonds, (ii) shall name the rate or rates of interest to be borne by the Bonds,(iii) shall prescribe one rate of interest, not to exceed seven per centum (7%) per annum, for theBonds of any one maturity, (iv) shall limit the interest due on each Bond for each interest period toa single rate, (v) shall be unconditional, (vi) in the case of sealed bids, shall be made on the formfurnished by the Issuer, without alteration, omission or qualification, and (vii) shall be subject to theterms, conditions and restrictions set forth in this Official Statement. No bids providing foradditional or supplemental interest will be considered.No bid for less than par or which specifies the cancellation of Bonds will beconsidered. Any premium bid must be paid in the funds specified for the payment of Bonds as partof the purchase price.In the event a bid for the Bonds is accepted, the acceptance of such bid shall besubject to the receipt of a good faith deposit (the “Deposit”) by wire transfer to the Issuer in theamount of one percent (1%) of the principal amount of the Bonds ($65,000) by 3:30 o’clock p.m.,on the day following the sale.Wiring instructions (account where Deposit should be sent) are:Bank: Regions BankCredit to: Pointe Coupee Police JuryOperating AccountABA# 065403626 Account# 4305011817Bank Contact: Jennifer Hill Telephone: 225-618-7221In the event the wire fund transfer is not received by the date and time set forth above,the acceptance and award of the bid for the Bonds shall be void. No other Deposit, by check orotherwise, is required in connection with a bid for the Bonds. The Deposit of the Purchaser will bedeposited and the proceeds credited against the purchase price of the Bonds, or in the case of neglector refusal to comply with such bid, will be forfeited to the Issuer as and for liquidated damages. Nointerest will be allowed on the amount of the Deposit.-9-

The Purchaser, by execution of the official bid form, will agree to provide the FinalOfficial Statement (with any required forms) to the Municipal Securities Rulemaking Board (the“MSRB”) or its designee in a manner sufficient to comply with MSRB Rule G-36. The Purchaseragrees to comply with all applicable provisions of S.E.C. Rule 15c2-12 and MSRB Rule G-36.The Bonds will be issued initially as one bond for each maturity, in the respectivedenominations of each annual maturity.Bidders are asked to indicate the total interest (less the amount of any premiumoffered) and the true interest cost on each official bid form in the spaces provided for that purpose,but their failure to do so will not invalidate their bids.The legal opinion, printed Bonds and transcript of record as passed upon will befurnished the Purchaser without cost to said Purchaser.Bond InsuranceIf the Bonds qualify for issuance of any policy of municipal bond insurance orcommitment therefor at the option of a bidder, the purchase of any such insurance policy or theissuance of any such commitment therefor shall be at the sole option and expense of such bidder andany increased costs of issuance of the Bonds resulting by reason of the same shall be paid by suchbidder. Any failure of the Bonds to be so insured or of any such policy of insurance to be issuedshall not constitute cause for a failure or refusal by the Purchaser of the Bonds to accept delivery ofand pay for Bonds in accordance with the terms of the purchase contract. The companies whichinsure Bonds may have been furnished information in addition to the information included in thisOfficial Statement. In the event the Bonds qualify and are sold with insurance, a free copy of thetranscript may be furnished to such insurance provider and additional copies of said transcript maybe furnished to such insurance provider at a cost not to exceed fifteen cents per page. As of the dateof this Official Statement no action has been officially taken regarding the qualification of the Bondsfor insurance.Reoffering PricesAs soon as practical after award of the Bonds to the Purchaser, but in any case no laterthan 2:00 p.m. Louisiana time on the third business day after the date of sale, the Purchaser shallfurnish to the Issuer a certificate acceptable to Bond Counsel to the Issuer stating (i) either, (A) inthe case of Bonds that the Purchaser intends to reoffer, the reoffering prices, expressed as apercentage of par, to the public of each maturity of the Bonds (the “Reoffering Prices”) or (B) thespecific Bonds that the Purchaser intends to retain; (ii) that, in the case of Bonds described in (i)(A),the Purchaser has made a bona fide public offering of the Bonds at the Reoffering Prices; (iii) thata substantial amount of the Bonds have been sold or were reasonably expected to be sold to thepublic (excluding bond houses, brokers and other intermediaries) at such Reoffering Prices; and(iv) that, at the time that the Purchaser submitted its bid, based upon prevailing market conditions,the Purchaser had no reason to believe that any of the Bonds would be initially sold to the public(excluding bond houses, brokers or similar persons or organizations acting in the capacity of-10-

underwriters or wholesalers) at initial offering prices greater than the Reoffering Prices representedin (i)(A). Bond Counsel to the Issuer advises that (i) such certificate must be made on the bestknowledge, information and belief of the Purchaser; (ii) the sale to the public of 10% or more in paramount of the Bonds of each maturity at (or below) the Reoffering Prices would be sufficient tocertify as to the sale of a substantial amount of the Bonds; and (iii) reliance on other facts as a basisfor such certification would require evaluation by Bond Counsel to the Issuer to assure compliancewith the statutory requirement to avoid the establishment of an artificial price for the Bonds.Method of AwardThe Bonds will be awarded to the bidder(s) whose bid offers the lowest “trueinterest cost” to the Issuer for the full amount of such Bonds, to be determined by doubling thesemiannual interest rate (compounded semiannually) necessary to discount the debt service paymentson such Bonds from their payment dates to the date of delivery, such that the sum of such presentvalues is equal to the price bid, including any premium bid but not including interest accrued to thedate of delivery (the preceding calculation is sometimes referred to as the “Canadian Interest CostMethod” or “Present Value Method”). In the case of a tie bid, the winning bid will be awarded bylot. If any bid for the Bonds shall be acceptable, a prompt award of the Bonds will be made. Theright is expressly reserved to waive any irregularity in any bid or to reject any and all bids received.Delivery Date, Manner and PlaceThe Bonds will be delivered at the Baton Rouge office of Bond Counsel on or aboutDecember 15, 2011, but the Purchaser is obligated to accept delivery at any time within sixty (60)days from the date of the sale in the event of the immediate acceptance by the Issuer of any bidsubmitted. If due to litigation the Bonds cannot be tendered to the Purchaser within the said sixty(60) day period in accordance with the terms of the sale, the Purchaser will have the option for sixty(60) days thereafter to cancel the sale and to request the return of his good faith deposit. If the Bondscannot be delivered to the Purchaser within the latter sixty (60) day period due to said litigation,thereafter either party will have the option to cancel the sale. Payment of the bid price plus accruedinterest to the date of delivery shall be made in federal funds payable to the Issuer.CUSIP NumbersIt is anticipated that the American Bankers’ Association Committee on UniformSecurity Identification Procedures (CUSIP) identification numbers will be printed on the Bonds.The Bonds will be numbered from R-1 upwards. Neither the failure to print such numbers or anyBond nor error with respect thereto shall constitute cause for a failure or refusal by the Purchaserthereof to accept delivery of and pay for the Bonds in accordance with the terms of the purchasecontract. All expenses in relation to printing of CUSIP numbers on the Bonds shall be paid by theIssuer; provided, however, that the fee of the CUSIP Service Bureau for the assignment of saidnumbers shall be the responsibility of and shall be paid for by the Purchaser.-11-

Additional Official StatementsAny dealer, broker, salesperson or other persons interested in bidding on theobligations herein described may receive additional copies of this Preliminary Official Statementprior to the date of sales upon request to Bond Counsel at the address indicated in the ADDITIONALINFORMATION section of this Preliminary Official Statement.The Purchaser will be furnished a reasonable number of final official statements onor before the seventh business day following the sale date of the Bonds.INFORMATION RELATING TO THE SALES ANDUSE TAX SECURING THE PAYMENT OF THE BONDSAND THE OUTSTANDING PARITY BONDSAuthority for Levy of the TaxThe Tax securing the Bonds and the Outstanding Parity Bonds, was authorized at anelection held in the Issuer on May 3, 1997 and renewed in an election held in the Issuer on November2, 2010, as per the following proposition:PROPOSITION (SALES & USE TAX RENEWAL)SUMMARY: RENEWAL OF A ½% SALES AND USE TAX FOR 15 YEARS FOR THE PURPOSEOF CONSTRUCTING, IMPROVING AND RESURFACING THE PUBLIC ROADS ANDBRIDGES IN THE PARISH OF POINTE COUPEE, WITH THE PROCEEDS OF THE TAX TOBE SUBJECT TO FUNDING INTO BONDS.Shall the Pointe Coupee Parish governing authority, under the provisions of Article VI, Section 29 ofthe Constitution of the State of Louisiana of 1974, Section 2721.6 of Title 33 of the Louisiana RevisedStatutes of 1950, as amended, and other constitutional and statutory authority, be authorized tocontinue to levy and collect, a tax of one-half of one percent (½%) (the “Tax”) (the estimated amountreasonably expected to be collected from the levy of said tax for one entire year being $1,700,000.00)upon the sale at retail, the use, the lease or rental, the consumption and the storage for use orconsumption, of tangible personal property and on sales of services in the Parish of Pointe Coupee (the“Parish”), all as defined by law, for a period of fifteen (15) years from the scheduled expiration dateof the current sales and use tax approved by the voters on May 3, 1997, the proceeds of the Tax (afterpaying the reasonable and necessary costs and expenses of collecting and administering the Tax) tobe used for the purpose of constructing, improving and resurfacing public roads and bridges in theParish, including incidental drainage and acquiring equipment therefor, and shall the governingauthority be authorized to fund the proceeds of the Tax into bonds from time to time for such purposeto the extent and in the manner permitted by the laws of Louisiana, including particularly Subpart F,Part III, Chapter 4, Title 39 of the Louisiana Revised Statutes of 1950, as amended?-12-

Description of the TaxIn compliance with the aforesaid statutes and election, the Issuer adopted on May 13,1997 and October 11, 2011, an ordinance levying within the Parish a tax of one-half of one percent(1/2%), initially effective July 1, 1997 (the “Tax Ordinance”). A copy of the Tax Ordinance levyingthe Issuer’s one-half of one percent (1/2%) sales and use tax described herein is available uponrequest from either Foley & Judell, L.L.P., Suite 2600, One Canal Place, 365 Canal Street, NewOrleans, Louisiana 70130-1138, telephone 504-568-1249.The following is a summary of the additional sales and use taxes being levied andcollected within the boundaries of the Parish:Taxing Body Election Rate EffectiveParish 5/03/97; 11/02/10 ½% 7/01/97Parish 9/19/84 1% 10/01/85Hospital 7/28/87; 11/07/06 ¼% 9/01/87School Board 9/30/67 1% 11/01/67School Board 11/20/99 1% 4/01/00Municipalities 09/1972*1% 10/01/72Fire District 4/02/05 ¼% 7/01/05State of Louisiana 4%9%* Not levied in the unincorporated area of the Parish.(The proceeds of these additional taxes (other than the Revenues of the Tax), are not pledged to secure thepayment of the Bonds or the Outstanding Parity Bonds.)Collection of the TaxThe Tax Ordinance providing for the levy and collection of the Tax requires thedealer to collect the Tax from the purchaser or consumer. Each dealer is required to file Each dealeris required to file with the Pointe Coupee Parish Sales & Use Tax Department (the “Director”) aregistration certificate in return for which the dealer is assigned a registration number and issued athcertificate of authority empowering him to collect the Tax. On or before the 20 day of each month,it is the duty of each dealer to transmit to the Director a complete report of sales and taxes collectedduring the preceding month and also to remit to the Director the amount of the Tax due for sales inthe preceding month. The Director also collects other sales and use taxes as described above.contact:For additional information regarding the collection procedures of the Tax, pleaseMs. Ronell Robique, DirectorSales Tax DepartmentPointe Coupee ParishP. O. Box 290New Road, Louisiana 70760Telephone (225) 638-5538-13-

Comparative Monthly Sales Tax CollectionsMonthly collections of the Tax received by the Issuer are shown below for thecalendar years indicated, viz:Month 2006 2007 2008 2009 2010 2011January $146,542 $140,787 $223,047 $170,391 $161,969 $148,345February 118,983 106,959 128,795 127,172 139,805 98,927March 101,163 114,345 134,726 126,084 100,637 106,408April 149,855 150,646 153,909 142,839 123,498 121,792May 129,053 147,064 134,321 123,186 141,864 104,262June 153,888 145,885 123,400 105,760 104,687 108,208July 151,575 169,711 153,579 202,852 135,511 136,609August 127,488 128,475 142,474 115,676 100,878 102,798September 149,346 130,514 113,785 116,907 111,836 --October 163,247 141,529 148,992 139,821 129,011 --November 121,834 139,595 128,250 130,090 124,021 --December 124,102 132,705 133,552 105,180 107,672 --$1,637,076 $1,648,215 $1,718,830 $1,605,958 $1,481,389 $927,349Source: Parish Sales Tax Department. Figures unaudited.Sales Tax DealersThe ten largest sales tax dealers located in the Issuer follow.Name of BusinessType of Business1. Wal-Mart Grocery2. Louisiana Generating LLC Power Plant3. Winn-Dixie Grocery4. Alma Plantation Sugar Mill5. Progressive Tractor Co. Inc. Tractor Dealership6. Soprano’s Superstore Grocery7. Miller-Penniman Co. LLC Tractor Dealership8. Family Dollar Discount Retail9. Dolgencorp, LLC (Dollar General) Discount Retail10. McDonald’s RestaurantSource: Parish Sales Tax Department.The largest sales tax dealers provided approximately 80% of the 2010 total sales and usetaxes collected in the Issuer.ESTIMATED COVERAGEThe highest estimated debt service requirements on the Bonds and the Outstanding ParityBonds is the sum of $846,370 for the fiscal year ending December 31, 2012. The Revenues of the Tax wereapproximately $1,481,389 for the fiscal year ended December 31, 2010. This amount will provide a coverageof approximately 1.75 times the estimated maximum debt service requirements on the Bonds and theOutstanding Parity Bonds in any future fiscal year. (For additional information, see Appendix “F” herein.)-14-

Pledge of RevenuesSECURITY PROVISIONS AND PROTECTIVE COVENANTSThe Bonds, equally with the Outstanding Parity Bonds are payable from and secured byan irrevocable pledge and dedication of the Net Revenues of the Tax. The Revenues of the Tax are herebyirrevocably and irreparably pledged and dedicated in an amount sufficient for the payment of the Bonds andthe Outstanding Parity Bonds in principal, and interest as they shall respectively become due and payable, andfor the other purposes hereinafter set forth in the Bond Ordinance. All of the Revenues of the Tax shall beset aside in a separate fund, as provided in the Outstanding Parity Bond Ordinance and as provided in theBond Ordinance, and shall remain pledged for the security and payment of the Bonds, the Outstanding ParityBonds and any additional parity bonds, in principal, and interest, and for all other payments provided for inthe Bond Ordinance until the Bonds and the Outstanding Parity Bonds shall have been fully paid anddischarged.The Bonds are hereby issued on a parity with the Outstanding Parity Bonds, and the Bondsshall rank equally with and shall enjoy complete parity of lien with the Outstanding Parity Bonds on all of theRevenues of the Tax or other funds specially applicable to the payment of the Outstanding Parity Bonds,including funds established by the Outstanding Parity Bond Ordinance. A complete description of the Tax,the method of collecting the same and the anticipated proceeds which will be available to service the Bondsand the Outstanding Parity Bonds is contained in this Official Statement under the section entitled“INFORMATION RELATING TO THE SALES AND USE TAX SECURING THE PAYMENT OF THEBONDS AND THE OUTSTANDING PARITY BONDS.”The Issuer is obligated to levy and collect the Tax in anticipation of which the Bonds arebeing issued and until all of the Bonds and the Outstanding Parity Bonds payable therefrom have been retiredas to both principal and interest, and the Issuer may not discontinue or decrease or permit the same to bediscontinued or decreased or in any way make any changes which would diminish the amount of Revenuesof the Tax to be received by the Issuer and pledged for payment of the Bonds and the Outstanding ParityBonds.Funds and AccountsThe Issuer, through its Governing Authority, by proper resolutions and/or ordinances,hereby obligates itself to continue to levy and collect the Tax until all of the Bonds and the Outstanding ParityBonds have been retired as to principal, interest and redemption premium, if any, and further obligates itselfnot to discontinue or decrease or permit to be discontinued or decreased the Tax in anticipation of thecollection of which the Bonds and the Outstanding Parity Bonds have been issued, nor in any way make anychange which would diminish the amount of the Revenues of the Tax to be received by the Issuer until all ofthe Bonds and the Outstanding Parity Bonds have been paid as to both principal and interest. In order thatthe principal of and the interest on the Bonds and the Outstanding Parity Bonds will be paid in accordancewith their terms and for the other objects and purposes hereinafter provided, the Issuer further covenants asfollows, that:All of the avails or proceeds of the Revenues of the Tax shall be deposited daily as thesame may be collected in the separate and special existing bank account maintained with the regularlydesignated fiscal agent of the Issuer and designated as the “Sales Tax Bond Reserve Fund” (hereafter called-15-

the “Sales Tax Fund”). The Sales Tax Fund shall constitute a dedicated fund of the Issuer, from whichappropriations and expenditures by the Issuer shall be made solely for the purposes designated in theproposition authorizing the levy of the Tax, including the payment of the Bonds and the Outstanding ParityBonds.Out of the funds on deposit in the Sales Tax Fund, the Issuer shall first pay (if notpreviously withheld by the Parish Sales Tax Collector) its portion of the reasonable and necessary expensesof collection and administration of the Tax. After payment of such expenses, the remaining balance of theRevenues of the Tax shall constitute a dedicated fund of the Issuer, from which appropriations andexpenditures by the Issuer shall be made solely for the purposes designated in the proposition authorizing thelevy of the Tax, including the payment of the Bonds and the Outstanding Parity Bonds, which fund shall beadminister and use in the following order of priority and for the following express purposes:(a) The maintenance of a Sales Tax Bond Sinking Fund (the “Sinking Fund”),established pursuant to the Outstanding Parity Bond Ordinance and continued in the BondOrdinance, sufficient in amount to pay promptly and fully the principal of and interest onthe Bonds and the Outstanding Parity Bonds, including any additional parity bonds issuedhereafter in the manner provided by the Bond Ordinance, as they severally become dueand payable, by transferring from the Sales Tax Fund to the regularly designated fiscalthagent bank of the Issuer, on or before the 20 day of each month while any of the Bondsare outstanding, a sum equal to one-sixth (1/6) of the interest due on the next InterestPayment Date and a sum equal to one-twelfth (1/12) of the principal falling due on thenext principal payment date on all bonds payable from the Sinking Fund, together withsuch additional proportionate sum as may be required to pay said principal and interestas the same respectively become due. Said fiscal agent shall transfer from the SinkingFund to the paying agent bank or banks for all bonds payable from the Sinking Fund, atleast three (3) days in advance of the date on which payment of principal or interest fallsdue, funds fully sufficient to pay promptly the principal and interest so falling due on suchdate.(b) The maintenance of a Sales Tax Bond Reserve Fund (the “Reserve Fund”),established pursuant to the Outstanding Parity Bond Ordinance, by depositing or retainingin the Reserve Fund from monies now on deposit therein, a sum equal to the ReserveFund Requirement (hereinafter defined), the money in the Reserve Fund to be retainedsolely for the purpose of paying the principal of and the interest on the Bonds payablefrom the aforesaid Sinking Fund as to which there would otherwise be default. In theevent that additional parity bonds are issued hereafter in the manner provided by the BondOrdinance, there shall be transferred from the proceeds of such additional bonds and/orfrom the said Sales Tax Fund into the Reserve Fund monthly or annually, such amounts(as may be designated in the ordinance authorizing the issuance of such additional paritybonds) as will increase the total amount on deposit in the Reserve Fund within a periodnot exceeding five (5) years to a sum equal to the Reserve Fund Requirement for alloutstanding bonds payable from the Sinking Fund and any such additional pari passubonds.-16-

If at any time it shall be necessary to use monies in the Reserve Fund for the purpose ofpaying principal or interest on bonds payable from the Sinking Fund as to which there would otherwise bedefault, then the monies so used shall be replaced from the revenues first thereafter received from theRevenues of the Tax not hereinabove required to pay the expenses of collecting the Tax or to pay currentprincipal and interest requirements, it being the intention hereof that there shall as nearly as possible be at alltime in the Reserve Fund an amount equal to the Reserve Fund Requirement."Reserve Fund Requirement" means, as of any date, the lesser of (i) 10% of the proceeds of the Bondsand any issue of additional bonds payable from the Tax or (ii) the maximum principal and interest requirements in any succeedingbond year (ending September 1) on the Bonds and any issue of additional pari passu bonds payable from the Tax.Notwithstanding the foregoing, on the first day on which no Outstanding Parity Bonds remain outstanding (pursuant to the termsof the Outstanding Parity Bond Ordinance) and thereafter, “Reserve Fund Requirement” shall mean, as of any date ofcalculation, a sum equal to the lesser of (i) 10% of the proceeds of the Bonds, the Outstanding Parity Bonds and any issue ofadditional pari passu bonds payable from the Revenues of the Tax, (ii) the highest combined principal and interest requirementsfor any succeeding bond year on the Bonds, the Outstanding Parity Bonds, and any issue of pari passu bonds payable from theRevenues of the Tax, or (iii) 125% of the average aggregate amount of principal installments and interest becoming due in anycalendar year on the Bonds, the Outstanding Parity Bonds, and any issue of additional parity bonds payable from the Revenuesof the Tax.Issuance of Additional Parity BondsThe Bonds and the Outstanding Parity Bonds shall enjoy complete parity of lien on theRevenues of the Tax despite the fact that any of the Bonds may be delivered at an earlier date than any otherof the Bonds. The Issuer shall issue no other bonds or obligations of any kind or nature payable from orenjoying a lien on the Revenues of the Tax having priority over or parity with the Bonds and the OutstandingParity Bonds, except that bonds may hereafter be issued on a parity with the Bonds and the Outstanding ParityBonds under the following conditions:(a) The Bonds, or any part thereof, including interest thereon, may be refunded and therefunding bonds so issued shall enjoy complete equality of lien with the portion of the Bonds which is notrefunded, if there be any, and the refunding bonds shall continue to enjoy whatever priority of lien oversubsequent issues which may have been enjoyed by the Bonds refunded; provided, however, that if only aportion of the Bonds outstanding is so refunded and the refunding bonds require total principal and interestpayments during any bond year in excess of the principal and interest which would have been required in suchbond year to pay the Bonds refunded thereby, then such Bonds may not be refunded without consent of theOwners of the unrefunded portion of the Bonds, the Outstanding Parity Bonds and any additional parity bondsissued hereunder (provided such consent shall not be required if such refunding bonds meet the requirementsset forth in (b)(ii) below.(b)Additional parity bonds may also be issued if all of the following conditions are met:(i) The average annual Revenues of the Tax when computed for the two (2) completedcalendar years immediately preceding the issuance of the additional bonds must have beennot less than 1.35 times the highest combined principal and interest requirements for anysucceeding period on all bonds then outstanding, and payable from the Sinking Fund,including any additional parity bonds theretofore issued and then outstanding and any-17-

Reserve Fund Surety Bondother bonds or other obligations whatsoever then outstanding which are payable from theRevenues of the Tax (but not including bonds which have been refunded or provisionotherwise made for their full and complete payment and redemption) and the bonds soproposed to be issued.(ii) The payments to be made into the various funds provided for in the Bond Ordinancemust be current.(iii) The existence of the facts required by paragraphs (i) and (ii) above must bedetermined and certified by a firm of certified or registered public accountants who havepreviously audited the books of the Issuer or by such successors thereof as may have beenemployed for that purpose, except that after the Outstanding Parity Bonds are redeemed,defeased or mature, such facts may be determined and certified by the chief financialofficer of the Issuer.(iv) The additional parity bonds must be payable as to principal on September 1st ofeach year in which principal falls due beginning not later than three (3) years from thedate of issuance of said additional bonds and payable as to interest on September 1st andMarch 1st of each year.In lieu of the required transfers or deposits to the Reserve Fund, the Issuer may cause tobe deposited into the Reserve Fund a surety bond or an insurance policy for the benefit of the owners of theapplicable series of the Bonds or a letter of credit in an amount equal to the different between the ReserveFund Requirement and the sums then on deposit in the Reserve Fund, if any, after the deposit of such suretybond, insurance policy or letter of credit. Such difference may be withdrawn by the Issuer and be depositedin the Revenue Fund. The surety bond, insurance policy or letter of credit shall be payable (upon the givingof notice as required thereunder) or any due date on which monies will be required to be withdrawn from theReserve Fund and applied to the payment of principal, premium, if any, or interest on the related series of theBonds and such withdrawal cannot be met by amounts on deposit in the Reserve Fund. If a disbursement ismade pursuant to a surety bond, an insurance policy or a letter of credit provided pursuant to this section, theIssuer shall be obligated either (i) to reinstate the maximum limits of such surety bond, insurance policy orletter of credit or (ii) to deposit into the Reserve Fund, funds in the amount for the disbursement made undersuch surety bond, insurance policy or letter of credit, or a combination of such alternatives, as such shallprovide that the amount in the Reserve Fund equals the Reserve Fund Requirement for that series of theBonds. Any surety bond, insurance policy or letter of credit deposited into the Reserve Fund shall only beprovided by a bond insurance provider or a bank or other financial institution whose bond insurance policiesinsuring, or whose letters of credit, surety bonds or other credit facilities securing, the payment, when due,of the principal of, premium, if any, and interest on bond issues by public entities, at the time such suretybond, insurance policy, or letter of credit is obtained, result in such issues being rated in one of the two highestfull rating categories by one or more of the nationally recognized rating agencies; provided, however, thatnothing herein shall require the Issuer to obtain a rating on any additional parity bonds.-18-

ADDITIONAL PROVISIONS OF THE BOND ORDINANCEBond Ordinance to Constitute ContractThe provisions of the Bond Ordinance shall constitute a contract between the Issuer andthe Owner or Owners from time to time of the Bonds, and any Owner of any of the Bonds may either at lawor in equity, by suit, action, mandamus or other proceedings, enforce and compel the performance of all dutiesrequired to be performed by the Governing Authority as a result of issuing the Bonds, and may similarlyenforce the provisions of the Tax Ordinance and the Bond Ordinance.Tax Covenants of the IssuerIn providing for the issuance of the Bonds, the Issuer does hereby covenant that it has alegal right to levy and collect the Tax, to issue the Bonds and to pledge the Revenues of the Tax as provided,in the Bond Ordinance and that the Bonds will have a lien and privilege on the Revenues of the Tax on aparity with the Outstanding Parity Bonds, subject only to the prior payment of the Issuer=s portion of thereasonable and necessary costs and expenses of administering and collecting the Tax.Supplemental OrdinancesEffective Without Owner's Consent. For any one or more of the following purposes andat any time from time to time, the Governing Authority of the Issuer may adopt an ordinance supplementalhereto, which, upon the filing with the Paying Agent of a certified copy thereof, but without any consent ofOwners, shall be fully effective in accordance with its terms:(a) to add to the covenants and agreements of the Issuer in the Bond Ordinance othercovenants and agreements to be observed by the Issuer which are not contrary to orinconsistent with the Bond Ordinance as theretofore in effect;(b) to add to the limitations and restrictions in the Bond Ordinance other limitations andrestrictions to be observed by the Issuer which are not contrary to or inconsistent with theBond Ordinance as theretofore in effect;(c) to surrender any right, power or privilege reserved to or conferred upon the Issuerby the terms of the Bond Ordinance, but only if the surrender of such right, power orprivilege is not contrary to or inconsistent with the covenants and agreements of the Issuercontained in the Bond Ordinance;(d) to cure any ambiguity, supply any omission, or cure or correct any defect orinconsistent provision of the Bond Ordinance; or(e) to insert such provisions clarifying matters or questions arising under the BondOrdinance as are necessary or desirable and are not contrary to or inconsistent with theBond Ordinance as theretofore in effect.-19-

Effective With Consent of Owners. Except as provided above, any modification oramendment of the Bond Ordinance or of the rights and obligations of the Issuer and of the Owners of theBonds hereunder, in any particular, may be made by a supplemental ordinance, with the written consent ofthe Owners of a majority of the bond obligation at the time such consent is given. No such modification oramendment shall permit a change in the terms of redemption or maturity of the principal of any outstandingBond or of any installment of interest thereon or a reduction in the principal amount or the redemption pricethereof or in the rate of interest thereon without the consent of the Owner of such Bond, or shall reduce thepercentages of Bonds the consent of the Owner of which is required to effect any such modification oramendment, or change the obligation of the Issuer to levy and collect the Tax for the payment of the Bondsas provided herein, without the consent of the Owners of all of the Bonds then outstanding, or shall changeor modify any of the rights or obligations of the Paying Agent or the Escrow Agent without its written assentthereto. For the purposes of this section, Bonds shall be deemed to be affected by a modification oramendment of the Bond Ordinance if the same adversely affects or diminishes the rights of the Owners of saidBonds.A supplemental ordinance, upon the filing with the Paying Agent of a certified copythereof, shall become fully effective in accordance with its terms.Events of DefaultThe occurrence of one or more of the following events shall be an Event of Defaultunder the Bond Ordinance:a. if default shall be made in the due and punctual payment of the principal of anyBond when and as the same shall become due and payable, whether at maturity orotherwise; orb. if default shall be made in the due and punctual payment of any installment ofinterest on any Bond when and as such interest installment shall become due andpayable; orc. if default shall be made by the Issuer in the performance or observance of any otherof the covenants, agreements or conditions on its part in the Bond Ordinance, anysupplemental resolution or in the Bonds contained and such default shall continuefor a period of forty-five (45) days after written notice thereof to the Issuer by theOwners of not less than 25% of the bond obligation; ord. if the Issuer shall file a petition or otherwise seek relief under any Federal or Statebankruptcy law or similar law;Then, upon the happening and continuance of any Event of Default, the Owners of theBonds shall be entitled to exercise all rights and powers for which provision is made under State law.-20-

DefeasancePursuant 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 andshall 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 thefollowing shall occur:(1) There is deposited in an irrevocable trust with a bank which is a member of the FederalDeposit Insurance Corporation, or its successor, or with a trust company, monies in an amountsufficient to pay in full the principal of and interest and call premiums, if any, on such Bondsto their stated maturity.(2) There is deposited in an irrevocable trust with a bank which is a member of the FederalDeposit Insurance Corporation, or its successor, or with a trust company, noncallable directgeneral obligations of the United States of America or obligations unconditionally guaranteedin principal and interest by the United States of America, including certificates or otherevidence of an ownership interest in such noncallable direct obligations, which may consistof 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, ifany, deposited therein, shall be sufficient to pay when due the principal of and interest and callpremiums, if any, on such Bonds to their stated maturity.Neither the obligations or the moneys deposited in irrevocable trust nor the principal orinterest payments on any such obligations shall be withdrawn or used for any purpose other than and shall beheld in trust for the payment of the principal of and interest on the Bonds defeased. The owners of the Bondswhich are so defeased shall have an express lien on such moneys or governmental obligations until paid out,used, and applied as set forth above.Continuation of Tax LevyThe Issuer does hereby obligate itself and is bound under the terms and provisions of lawto cause to be levied, imposed, enforced and collected the Tax and to provide for all reasonable and necessaryrules, regulations, procedures and penalties in connection therewith, including the proper application of theRevenues of the Tax, until all of the Bonds and the Outstanding Parity Bonds have been retired as to bothprincipal and interest. Nothing herein contained shall be construed to prevent the Issuer from altering,amending or repealing from time to time as may be necessary the Tax Ordinance or any subsequentresolution/ordinance providing with respect to the Tax, said alterations, amendments or repeals to beconditioned upon the continued preservation of the rights of the Owners with respect to the Revenues of theTax. The Tax Ordinance and the obligation to continue to levy, collect and allocate the Tax and to apply theRevenues of the Tax in accordance with the provisions of the Bond Ordinance, shall be irrevocable until theBonds and the Outstanding Parity Bonds have been paid in full as to both principal and interest, and shall notbe subject to amendment, alteration or repeal in any manner which would impair the rights of the Ownersfrom time to time of the Bonds or the owners of the Outstanding Parity Bonds or which would in any wayjeopardize the prompt payment of principal thereof and interest thereon. More specifically, neither the-21-

Legislature of Louisiana nor the Issuer may discontinue or decrease the Tax or permit to be discontinued ordecreased the Tax in anticipation of the collection of which the Bonds and the Outstanding Parity Bonds havebeen issued, or in any way make any change which would diminish the amount of the Revenues of the Taxpledged to the payment of the Bonds and the Outstanding Parity Bonds and received by the Issuer, until allof such Bonds and the Outstanding Parity Bonds shall have been retired as to both principal and interest.In providing for the issuance of the Bonds, the Issuer does hereby covenant that it has alegal right to levy and collect the Tax, to issue the Bonds and to pledge the Revenues of the Tax as providedin the Bond Ordinance, and that the Bonds will have a lien and privilege on the Revenues of the Tax on aparity with the Outstanding Parity Bonds, subject only to the prior payment of the Issuer=s portion of thereasonable and necessary costs and expenses of administering and collecting the Tax.Interest on BondsTAX EXEMPTIONThe delivery of the Bonds is subject to the opinion of Foley & Judell, L.L.P., Baton Rouge,Louisiana, to the effect that interest on the Bonds is excluded from gross income for federal income taxpurposes (See Appendix “G”).State TaxesThe opinion of Bond Counsel will state that pursuant to the Act, the Bonds and the incometherefrom are exempt from all taxation by the State of Louisiana. Each prospective purchaser of the Bondsshould consult his or her own tax advisor as to the status of interest on the Bonds under the tax laws of anystate other than Louisiana.Alternative Minimum Tax ConsiderationExcept as hereinafter described, interest on the Bonds will not be an item of tax preferencefor purposes of the federal alternative minimum tax on individuals and corporations. The Code, as amended,imposes a 20% alternative minimum tax on the “alternative minimum taxable income” of a corporation, ifthe amount of such alternative minimum tax is greater than the amount of the corporation’s regular incometax. Generally, a corporation’s “alternative minimum taxable income” includes 75% of the amount by whicha 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.”GeneralThe Code imposes a number of requirements that must be satisfied for interest on stateand local obligations to be excluded from gross income for federal income tax purposes. These requirementsinclude limitations on the use of bond proceeds and the source of repayment of bonds, limitations on theinvestment of bond proceeds prior to expenditure, a requirement that excess arbitrage earned on theinvestment of certain bond proceeds be paid periodically to the United States, except under certaincircumstances, and a requirement that information reports be filed with the Internal Revenue Service.-22-

The opinion of Bond Counsel will assume continuing compliance with the covenants inthe Bond Ordinance pertaining to those sections of the Code which affect the exclusion from gross incomeof interest on the Bonds for federal income tax purposes and, in addition, will rely on representations by theIssuer with respect to matters solely within the knowledge of the Issuer, which Bond Counsel has notindependently verified. If the Issuer should fail to comply with the covenants in the Bond Ordinance or if theforegoing representations should be determined to be inaccurate or incomplete, interest on the Bonds couldbecome included in gross income from the date of original delivery of the Bonds, regardless of the date onwhich 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 anddisposition of the Bonds or the receipt of interest on the Bonds. Furthermore, future laws and/or regulationsenacted by federal, state or local authorities may affect certain owners of the Bonds. All prospectivepurchasers of the Bonds should consult their legal and tax advisors regarding the applicability of such lawsand regulations and the effect that the purchase and ownership of the Bonds may have on their particularfinancial situation.Qualified Tax-Exempt Obligations (Bank Deductibility)The Tax Reform Act of 1986 revised Section 265 of the Code so as to generally denyfinancial institutions 100% of the interest deductions that are allocable to tax-exempt obligations acquiredafter August 7, 1986. However, an exception is permitted under the Tax Reform Act of 1986 for certainqualified tax-exempt obligations which allows financial institutions to continue to treat the interest on suchobligations as being subject to the 20% disallowance provision under prior law if the Issuer, together withcertain subordinate entities, reasonably expects that it will not issue more than $10,000,000 of governmentalpurpose bonds in a calendar year and designates such bonds as “qualified tax-exempt obligations” pursuantto the provisions of Section 265(b)(3)(B) of the Code. The Bonds are designated as “qualified tax-exemptobligations” pursuant to Section 265(b)(3)(B) of the Code.Tax Treatment of Original Issue PremiumThe Bonds maturing September 1, ____ to September 1, ____, inclusive (the “PremiumBonds”), are being offered and sold to the public at a price in excess of their stated principal amounts.Such excess is characterized as a “bond premium” and must be amortized by an investorpurchasing a Premium Bond on a constant yield basis over the remaining term of the Premium Bond in amanner that takes into account potential call dates and call prices. An investor cannot deduct amortized bondpremium related to a tax-exempt bond for federal income tax purposes. However, as bond premium isamortized, it reduces the investor’s basis in the Premium Bond. Investors who purchase a Premium Bondshould consult their own tax advisors regarding the amortization of bond premium and its effect on thePremium Bond’s basis for purposes of computing gain or loss in connection with the sale, exchange,redemption or early retirement of the Premium Bond.-23-

Original Issue DiscountThe Bonds maturing September 1, ____ to September 1, ____, inclusive (the “OIDBonds”), are sold to their original owners at a discount. The difference between the initial public offeringprices and their stated amounts constitutes original issue discount treated as interest which is excluded fromgross income for federal income tax purposes and which is exempt from all present State taxation subject tothe caveats and provisions described herein.Owners of OID Bonds should consult their own tax advisors with respect to thedetermination for federal income tax purposes of original issue discount accrued with respect to such OIDBonds as of any date, including the date of disposition of an OID Bond and with respect to the state and localconsequences of owning an OID Bonds.Changes in Federal and State Tax LawFrom 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 or adversely affect themarket value of the Bonds. Examples of such proposals include, but are not limited to, the American JobsAct and the Debt Reduction Act as proposed by President Obama’s administration and introduced in thecurrent Congress. It cannot be predicted whether or in what form any such proposals might be enacted orwhether if enacted such proposals would apply to bonds issued prior to enactment. In addition, regulatoryactions are from time to time announced or proposed and litigation is threatened or commenced which, ifimplemented or concluded in a particular manner, could adversely affect the market value of the Bonds. Itcannot be predicted whether any such regulatory action will be implemented, how any particular litigation orjudicial 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 proposedlegislation, regulatory initiatives or litigation.BOND RATINGStandard & Poor’s Public Finance Ratings, a Division of The McGraw-Hill Companies,Inc. (“S&P”) has assigned it municipal debt rating of “___” (_____) to the Bonds. Such rating reflects onlythe views of S&P and is not a recommendation to buy, sell or hold the Bonds. Any desired explanation ofthe significance of such rating should be obtained from Standard & Poor's Public Finance Ratings, LincolnPlaza, Suite 3200, 500 N. Akard, Dallas, TX 75201, telephone 214-871-1400. Generally, a rating agencybases its rating on the information and materials furnished to it and on investigations, studies and assumptionsof its own. There is no assurance such rating will continue for any given period of time or that such ratingwill not be revised downward or withdrawn entirely by the rating agency, if in the judgment of S&P,circumstances so warrant. Such circumstances may be outside the control of the Issuer and may include, butare not limited to, general economic conditions in the United States and other political and economicdevelopments that may affect the financial condition of the United States government and its instrumentalities,and, as a result, obligations issued by state and local governments, such as the Bonds. Any such downwardrevision or withdrawal of such rating may have an adverse effect on the market price of the Bonds.-24-

LEGAL MATTERSNo litigation has been filed questioning the validity of the Bonds or the security thereofand a certificate to that effect will be delivered by the Issuer to the Purchaser upon the issuance of the Bonds.The approving opinion of Foley & Judell, L.L.P, Bond Counsel, will be printed on theBonds. The opinion of Bond Counsel is limited to the matters set forth therein, and Bond Counsel is notpassing upon the accuracy or completeness of this Official Statement. Bond Counsel’s opinion is based onexisting law, which is subject to change. Such opinion is further based on factual representations made toBond Counsel as of the date thereof. Bond Counsel assumes no duty to update or supplement its opinion toreflect any facts or circumstances that may thereafter come to Bond Counsel’s attention, or to reflect anychanges in law that may thereafter occur or become effective. Moreover, Bond Counsel’s opinion is not aguarantee of a particular result and are not binding on the Internal Revenue Service or the courts; rather, suchopinion represents Bond Counsel’s professional judgment based on its review of existing law and in relianceon the representations and covenants that it deems relevant to such opinion.A manually executed original of such opinion will be delivered to the Purchaser on thedate of payment for and delivery of the Bonds. The form of said legal opinion appears in Appendix “G” tothis Official Statement. For additional information regarding the opinion of Bond Counsel, see the precedingsection titled “TAX EXEMPTION.” The compensation of Bond Counsel is contingent upon the sale anddelivery of the Bonds.GOVERNING AUTHORITYThe Governing Authority consists of twelve members. The names of the members of theGoverning Authority, as well as the Parish President, appear at the beginning of this Official Statement.CONTINUING DISCLOSUREThe Issuer will, pursuant to a Continuing Disclosure Certificate, covenant for the benefitof Bond owners to provide certain financial information and operating data relating to the Issuer in each yearno later than six (6) months from the end of the Issuer’s fiscal year, with the first such report due not later thanJune 30, 2012 (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 (andwith any future Louisiana officially designated State Information Depository). Any notices of material eventswill be filed by the Issuer with the MSRB (and with any future Louisiana officially designated StateInformation Depository). The specific nature of the information to be contained in the Annual Report or thenotices of material events is set forth herein under the caption “APPENDIX H - Form of ContinuingDisclosure Certificate.” These covenants have been made in order to assist the Purchaser in complying withS.E.C. Rule 15c2-12(b)(5) (the “Rule”).The Issuer’s initial Dissemination Agent for the above information is the ParishAdministrator, or any successor thereto, Pointe Coupee Parish Police Jury, P.O. Box 290, New Roads,Louisiana 70760, telephone 225-638-9556.-25-

Except as provided in the Continuing Disclosure Certificate, the Issuer has not undertakento provide all information investors may desire to have in making decisions to hold, sell or buy the Bonds.The Issuer has filed all continuing disclosure reports currently required by its prior undertakings under theRule; however, not all reports were timely filed. The Issuer has established procedures with respect to allundertakings (including those in connection with the Bonds) to ensure proper filing of such reports with theMSRB in the future.ADDITIONAL INFORMATIONThis Official Statement was prepared in conjunction with Fiscal Services, Inc., Suite 2630,One Canal Place, 365 Canal Street, New Orleans, Louisiana 70130-1138, telephone 504-568-1249.For any additional information concerning the Issuer, please address Ms. Rebecca L.Mayeux, Treasurer, Pointe Coupee Police Jury, P. O. Box 290, New Roads, Louisiana 70760, telephone 225-638-9556. For additional information concerning the Bonds now offered for sale, please address Foley &Judell, L.L.P, Suite 1950, One American Place, 301 Main Street, Baton Rouge, Louisiana 70801, telephone225-923-2476.The Issuer, Fiscal Services, Inc., and Foley & Judell, L.L.P., are familiar with theDisclosure Guidelines for State and Local Government Securities published by the Government FinanceOfficers Association (January 1991 edition).CERTIFICATION AS TO OFFICIAL STATEMENTAt the time of payment for and delivery of the Bonds, the Governing Authority will furnishthe Purchaser a certificate, signed by its Secretary, 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, onthe date of the 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 Statementdid not and does not contain an untrue statement of a material fact or omit to state a material fact necessaryto 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/ornon-governmental entities other than the Issuer and its activities contained in the Official Statement areconcerned, such descriptions, statements, and data have been obtained from sources which the GoverningAuthority believes to be reliable and the Governing Authority has no reason to believe that they are untrueor incomplete in any material respect, and (iii) there has been no adverse material change in the affairs of theIssuer between the date of the Official Statement and the date of delivery of the Bonds.MISCELLANEOUSThis Official Statement has been deemed to be final by the Issuer as of its date, within themeaning of Rule 15c2-12 of the Securities and Exchange Commission, except for the permitted omissionsunder said Rule.-26-

This Official Statement has been prepared in connection with the initial offering and saleof the Bonds to the purchasers on the date hereof and is not intended for use in connection with anysubsequent sale, reoffering or remarketing of the Bonds. Subsequent purchasers must therefore rely on theirown examination of the offering, including the merits and the risks involved.Potential purchasers of the Bonds should consult their own tax advisors as to theconsequences of investing in the Bonds. Also, see “TAX EXEMPTION” herein.PARISH OF POINTE COUPEE,STATE OF LOUISIANAMelanie BuechePresidentPointe Coupee Parish Police JuryGerrie MartinSecretaryPointe Coupee Parish Police Jury-27-


MAPS


NOTICE OF BOND SALEAPPENDIX “A”


OFFICIALNOTICE OF BOND SALE$6,500,000OF SALES TAX BONDS (ROAD IMPROVEMENT), SERIES 2011OF THEPARISH OF POINTE COUPEE, STATE OF LOUISIANASealed paper bids or electronic bids via PARITY®will be received until 5:00 o’clock p.m., Central Time (Louisiana Time), onNovember 8, 2011Sealed paper bids or electronic bids via PARITY® will be received by the Parish Police Juryof the Parish of Pointe Coupee, State of Louisiana (the “Governing Authority”), acting as thegoverning authority of the Parish of Pointe Coupee, State of Louisiana (the “Issuer”), at the ParishPolice Jury Office, Courthouse Annex, New Roads, Louisiana 70760, for the purchase of the Issuer’sSix Million Five Hundred Thousand Dollars ($6,500,000) principal amount of Sales Tax Bonds(Road Improvement), Series 2011 (the “Bonds”).Date of Sale: Tuesday, November 8, 2011 (or such other date as may be determined by thePresident of the Governing Authority and advertised by Munifacts Disclosure Service).Hour of Sale: Five o’clock p.m. (5:00), Central (Louisiana) Time.Place of Sale: Parish Police Jury Office, Courthouse Annex, New Roads, Louisiana 70760.Date of Bonds: Date of delivery.Form and Denomination: The Bonds will be issued as fully registered bonds in “bookentryonly” form and registered in the name of Cede & Co., as nominee of The Depository TrustCompany, New York, New York (“DTC”). DTC will act as securities depository for the Bonds, andpurchasers of the Bonds will not receive certificates representing their interest in Bonds purchased.The Bonds will be issued in the denomination of $5,000 each, or any integral multiple thereof withina single maturity.Purpose of Bonds: Constructing, improving and resurfacing public roads and bridges insaid Governing Authority including incidental drainage and acquiring equipment, and paying thecosts of issuance of the Bonds.Maximum Interest Rate Allowable: Seven per centum (7%) per annum.Paying Agent, Authenticating Agent and Redemption Agent: JPMorgan Chase Bank,N.A., Baton Rouge, Louisiana (the “Paying Agent”).A-1

Interest Payment Dates: March 1 and September 1, commencing March 1, 2012.Manner and Place of Payment: Principal of the Bonds will be payable in lawful moneyof the United States of America at the principal corporate trust office of the Paying Agent.Maturity Schedule: Bonds will mature on September 1 of each of the following years andin the principal amounts as follows:PrincipalPrincipalYear Amount Year Amount2013 $345,000 2020 $ 465,0002014 360,000 2021 490,0002015 375,000 2022 510,0002016 390,000 2023 535,0002017 410,000 2024 555,0002018 430,000 2025 580,0002019 445,000 2026 610,000Redemption: The Bonds maturing September 1, 2022 and thereafter, will be callable forredemption by the Issuer in full or in part at any time on or after September 1, 2021, and if less thana full maturity, then by lot within such maturity, at the principal amount thereof and accrued interestto the date fixed for redemption.Official notice of such call of any of the Bonds for redemption will be given by first classmail, postage prepaid, by notice deposited in the United States mails not less than thirty (30) daysprior to the redemption date addressed to the registered owner of each bond to be redeemed at hisaddress as shown on the registration books of the Paying Agent. Bonds are not required to beredeemed in inverse order of maturity.Security: The Bonds shall be payable solely from and secured by, equally with the Issuer’soutstanding Road Improvement Refunding Bonds, Series 2003 (the “Outstanding Parity Bonds”),by an irrevocable pledge and dedication of the Issuer’s one-half of one percent (1/2%) sales and usetax being levied and collected by the Issuer, pursuant to and election held in the Issuer on May 3,1997 and renewed on November 2, 2010 (the “Tax”), subject only to the prior payment of thereasonable and necessary costs and expenses of collecting and administering the Tax.Electronic Bids: Electronic bids will be received via PARITY®, in the manner describedbelow, until five o’clock p.m. (5:00), Louisiana time, on November 8, 2011.Bids may be submitted electronically via PARITY® pursuant to this Official Notice of BondSale until 5:00 p.m., local Louisiana time, but no bid will be received after the time for receivingbids specified above. To the extent any instructions or directions set forth in PARITY® conflictA-2

with this Official Notice of Bond Sale, the terms of this Official Notice of Bond Sale shall control.For further information about PARITY®, potential bidders may contact PARITY® at (212) 849-5021.Disclaimer: Each prospective electronic bidder shall be solely responsible to register to bidvia PARITY® as described above. Each qualified prospective electronic bidder shall be solelyresponsible to make necessary arrangements to access PARITY® for the purposes of submitting itsbid in a timely manner and in compliance with the requirements of the Notice of Sale. Neither theIssuer nor PARITY®, shall have any duty or obligation to provide or assure access to PARITY®to any prospective bidder, and neither the Issuer nor PARITY® shall be responsible for a bidder’sfailure to register to bid or for proper operation of, or have any liability for any delays orinterruptions of, or any damages caused by, PARITY®. The Issuer is using PARITY® as acommunication mechanism, and not as the Issuer’s agent, to conduct the electronic bidding for theBonds. No other form of electronic bid or provider of electronic bidding services will be accepted.The Issuer is not bound by any advice and determination of PARITY® to the effect that anyparticular bid complies with the terms of this Official Notice of Bond Sale and in particular the “BidRequirements” hereinafter set forth. All costs and expenses incurred by prospective bidders inconnection with their registration and submission of bids via PARITY® are the sole responsibilityof the bidders; and the Issuer is not responsible, directly or indirectly, for any of such costs orexpenses. If a prospective bidder encounters any difficulty in submitting, modifying or withdrawinga bid for the Bonds, he should telephone PARITY® at (212) 849-5021 and notify the Issuer’s BondCounsel, Foley & Judell, L.L.P., at (225) 923-2476.Electronic Bidding Procedures: Electronic bids must be submitted for the purchase of theBonds (all or none) via PARITY®. Bids will be communicated electronically to the Issuer at fiveo’clock p.m. (5:00), local Louisiana time, on November 8, 2011. Prior to that time, a prospectivebidder may (1) submit the proposed terms of its bid via PARITY®, (2) modify the proposed termsof its bid, in which event the proposed terms as last modified will (unless the bid is withdrawn asdescribed herein) constitute its bid for the Bonds, or (3) withdraw its proposed bid. Once the bidsare communicated electronically via PARITY® to the Issuer, each bid will constitute an irrevocableoffer to purchase the Bonds on the terms therein provided. For purposes of the electronic biddingprocess, the time as maintained on PARITY® shall constitute the official time.Sealed Paper Bids: Bids will also be accepted in written form on the Official Bid Form.Each sealed paper bid must be in written form on the Official Bid Form in a sealed envelopedmarked “Proposal for the Purchase of $6,500,000 of Sales Tax Bonds (Road Improvement), Series2011, of the Parish of Pointe Coupee.” For purposes of accepting written bids, the time asmaintained on PARITY® shall constitute the official time.Bid Requirements: Bidders shall name the rate or rates of interest the Bonds shall bear, notexceeding seven per centum (7%) per annum on any Bond in any interest payment period. Bidsmust stipulate a purchase price for the Bonds not less than the par value thereof. No bid whichspecifies cancellation of the Bonds will be considered. No bids providing for additional orsupplemental interest will be considered.A-3

Award of Bid: The Issuer will meet at the place and time hereinabove set forth for thereceipt of bids. The Bonds will be awarded to the bidder whose bid offers the lowest “true interestcost” to the Issuer, to be determined by doubling the semiannual interest rate (compoundedsemiannually) necessary to discount the debt service payments on the Bonds from the payment datesto the date of delivery, such that the sum of such present values is equal to the price bid, includingany premium bid (the preceding calculation is sometimes referred to as the “Canadian Interest CostMethod” or “Present Value Method”). In the case of a tie bid, the winning bid will be awarded bylot. If any bid for the Bonds shall be acceptable, a prompt award of the bonds will be made.Rejection of Bids; Waiver of Informalities: The Issuer reserves the right to reject any andall bids and to waive any informalities or irregularities in any bid.Good Faith Deposit: In connection with the sale of the Bonds, a good faith deposit of 1%of the principal amount of the Bonds will be required. The manner and timing of such deposit shallbe set forth in the Preliminary Official Statement for the Bonds. The good faith deposit of thesuccessful bidder or bidders will be deposited and the proceeds credited against the purchase priceof the Bonds, or in the case of neglect or refusal to comply with such bid, will be forfeited to theIssuer as and for liquidated damages. No interest will be allowed on the amount of the good faithdeposit.Delivery of the Bonds: The Bonds will be delivered to the successful bidder upon paymentin Federal Funds on the date of delivery the purchase price of the Bonds plus accrued interest. TheBonds will be delivered in Baton Rouge, Louisiana, unless another place shall be mutually agreedupon.Legal Opinion of Bond Counsel and Closing Documents: The approving legal opinionof Foley & Judell, L.L.P., Bond Counsel, will be furnished without cost to the successful bidder.The transcript of record will contain the usual closing proofs, including a certificate that up to thetime of delivery no litigation has been filed questioning the validity of the Bonds or the Tax.CUSIP Numbers: It is anticipated that the American Bankers’ Association Committee onUniform Security Identification Procedures (CUSIP) identification numbers will be printed on theBonds, but the failure to print such numbers shall not constitute cause for refusal by the successfulbidder to accept delivery of and to pay for the Bonds. No CUSIP identification number shall bedeemed to be part of any Bond or a part of the contract evidenced thereby, and no liability shallhereafter attach to the Issuer or any of the officers or agents thereof because of or on account of suchnumbers. All expenses in relation to the printing of the CUSIP identification numbers on the Bondsshall be paid by the Issuer. However, the CUSIP Service Bureau charge for the assignment of suchnumbers shall be the responsibility of and shall be paid by the successful bidder.Continuing Disclosure: In order to assist bidders in complying with S.E.C. Rule 15c2-12(b)(5), the Issuer will undertake, pursuant to the resolution providing for the issuance of the Bondsand a Continuing Disclosure Certificate, to provide annual reports and notices of certain events. Adescription of this undertaking is set forth in the Preliminary Official Statement and will also be setforth in the Final Official Statement.A-4

Additional Information, Bid Forms, and Official Statements: Further information andparticulars including the required bid form and an Official Statement relating to the Bonds will befurnished upon application to the undersigned. The Purchaser will be furnished a reasonable numberof final official statements on or before the seventh business day following the sale of the Bonds.THUS DONE AND SIGNED on this, the 11 th day of October, 2011.ATTEST:/s/ Melanie BuechePresident/s/ Gerrie MartinSecretaryA-5


FINANCIAL AND STATISTICAL DATA RELATIVE TO THEPARISH OF POINTE COUPEE, STATE OF LOUISIANAAPPENDIX “B”


FINANCIAL AND STATISTICAL DATARELATIVE TO THE PARISH OFPOINTE COUPEE, STATE OF LOUISIANABackgroundThe Parish of Pointe Coupee, State of Louisiana (the "Parish") is located in thecentral portion of the State of Louisiana, and covers an area of approximately 557 square miles. TheParish is governed by the Pointe Coupee Police Jury (the “Governing Authority”), and includes theincorporated municipalities of Fordoche (928), Livonia (1,442), Morganza (610), and New Roads(4,831), which is the Parish seat.Parish.Preceding this Appendix “A” is a map which indicates the general boundaries of thePopulation of the ParishSource: U.S. Census Bureau.The recent trend in the population of the Parish follows:ParishYearPopulation1940 24,0041950 21,8411960 22,4881970 22,0021980 24,0451990 22,5402000 22,7632010 22,802Assessed Valuation of the ParishThe recent trend in the assessed valuation of the Issuer follows:Taxable Homestead TotalYear Assessed Value Exemptions Assessed Value1996 $196,838,910 $25,531,475 $222,370,3851997 192,418,813 26,191,386 218,610,1991998 187,184,971 26,889,975 214,074,9461999 189,542,568 27,865,368 217,407,9362000 197,047,195 30,689,424 227,736,6192001 275,235,831 31,325,066 306,560,8972002 218,757,815 32,045,706 250,803,5212003 223,750,046 32,340,427 256,090,4732004 243,298,693 34,806,740 278,105,4332005 252,298,390 35,515,330 287,813,7202006 264,951,101 36,146,660 301,097,7612007 275,173,574 36,491,875 311,665,4492008 315,719,457 37,848,991 353,568,4482009 317,996,861 38,354,331 356,351,1922010 340,208,064 38,660,551 378,868,615Sources: Pointe Coupee Parish Assessor and Louisiana Tax Commission.B-1

Assessed Valuation - by Classification of Propertyproperty follows:The summary breakdown of the assessed valuations of the Parish by classification of2006 2007 2008 2009 2010Assessed Assessed Assessed Assessed AssessedClassification Valuations Valuations Valuations Valuations ValuationsReal Estate $ 99,253,370 $103,816,120 $124,597,512 $126,982,922 $129,135,432Personal Property 150,743,111 156,048,349 175,245,216 175,518,800 177,516,213Public Service Property 51,101,280 51,800,980 53,725,720 53,849,470 72,216,970Total $301,097,761 $311,665,449 $353,568,448 $356,351,192 $378,868,615Sources: Pointe Coupee Parish Assessor and Louisiana Tax Commission.A detailed breakdown of the assessed valuations of the Parish by classification of propertyfor the last five tax years follows:Classification 2006 2007 2008 2009 2010Land $ 35,725,790 $ 36,999,560 $ 79,781,732 $ 81,749,207 $ 83,572,967Improvements 63,527,580 66,816,560 44,815,780 45,233,715 45,562,465Inventory 9,470,220 9,172,687 8,784,950 10,801,640 11,143,381Machinery and Equipment 104,634,834 108,259,535 114,104,840 113,163,850 112,768,889Business Furniture & Fixtures 801,414 673,311 707,385 774,740 785,053Miscellaneous Property 1,336,032 1,393,850 1,690,424 3,145,010 3,137,892Credits -- 100 100 100 --Leased Equipment 480,370 671,210 632,340 487,650 712,960Pipelines 406,200 480,570 562,978 564,600 3,615,850Oil & Gas Surface Equipment 816,191 918,550 1,781,910 1,618,220 1,412,860Aircraft 830 26,325 32,000 49,140 29,390Financial Institutions 3,948,650 4,652,780 5,013,170 4,171,330 3,717,210Drilling Rigs 6,421,620 4,337,080 2,798,520 3,461,660 743,380Oil & Gas Wells 22,426,750 25,462,351 39,136,599 37,280,860 39,449,348Public Service Corporations 51,101,280 51,800,980 53,725,720 53,849,470 72,216,970TOTAL $301,097,761 $311,665,449 $353,468,448 $356,351,192 $378,868,615Sources: Pointe Coupee Parish Assessor and Louisiana Tax Commission.B-2

Tax Collection RecordThe Governing Authority reported the following ad valorem tax collection record:Amount of Deductions Net NetTax Taxes for Taxes Taxes Percentage MillageYear Levied(a) Pensions(b) Levied Collected(c) Collected Rates2006 $856,012 $36,563 $819,449 $817,796 99.80% 5.132007 885,421 36,910 848,511 845,739 99.67% 5.132008 905,592 38,640 866,952 865,321 99.81% 4.592009 911,449 39,090 872,359 868,269 99.53% 4.592010 978,903 41,669 937,234 931,941(d) 99.44% 5.39Sources:(a) Louisiana Tax Commission.(b) Legislative Auditor. Includes deductions for Pensions and Assessors’ Retirement Fund pursuant to Opinion Number 02-0349of the Louisiana Attorney General.(c) Sources: Pointe Coupee Parish Sheriff’s Office. Figures unaudited.(d) As of August 31, 2011.Millage RatesThe recent trend in the ad valorem tax rates levied within the boundaries of the Parishof Pointe Coupee follows:Millage Rates2006 2007 2008 2009 2010Parishwide Taxes:Law Enforcement District 15.39 15.39 15.39 15.39 15.39Library Maintenance 4.03 4.03 3.60 3.60 3.60Assessment District 3.02 3.02 2.70 2.70 2.70Parishwide School 4.54 4.54 4.54 4.54 4.54Special Parishwide School 11.96 11.96 11.96 11.96 11.96District & Other Taxes:Parish Tax (Inside Municipalities) 1.71 1.71 1.53 1.53 1.53Parish Tax (Outside Municipalities) 3.42 3.42 3.06 3.06 3.06Atchafalaya Levee District 4.04 4.04 3.60 4.04 4.04Fire District No. 1 & Spec. Fire Dist. 1 6.53 6.53 6.46 6.46 6.46Fire District No. 2 5.12 5.12 4.37 4.37 4.54Fire District No. 3 5.97 5.97 4.76 4.76 5.97Fire District No. 4 10.91 10.91 9.11 9.11 10.91Fire District No. 5 4.37 4.37 4.07 4.07 4.07School District No. 19 -- 1.50 -- -- --Tenth Ward School District 10.00 10.00 10.00 10.00 10.00Sewerage District No. 1 36.74 36.74 37.50 37.50 37.50Sewerage District No. 3A 24.24 24.24 24.24 24.24 24.24Water District No. 1 5.80 5.80 5.80 5.80 5.80Municipal Taxes:Town of Fordoche 12.34 12.34 11.54 11.54 11.54Town of Livonia 5.27 5.27 4.83 4.83 4.83Village of Morganza 6.83 6.83 6.33 6.33 6.33City of New Roads 5.94 5.94 5.30 5.30 5.30Sources: Pointe Coupee Parish Assessor and Louisiana Tax Commission.B-3

Leading Taxpayersfollow:The ten largest property taxpayers of the Parish and their 2010 assessed valuations2010AssessedName of Taxpayer Type of Business Valuation1. Louisiana Generating, LLC Electric Company $104,303,6412. Entergy Gulf States, Inc. Public Utility 40,678,2203. B.P. America Production Co. Oil & Gas 23,111,4004. American Commercial Lines, LLC Canal Transportation 18,371,8605. Pennington Oil & Gas Oil & Gas 7,990,7006. Nan Ya Plastics Corp. Plastic Products 7,878,1807. Union Pacific Railroad Company Rail Transportation 7,016,0208. Transcontinental Gas Pipeline Corp. Pipeline 4,343,8209. Energy Production Corp. Energy Management 4,200,91010. Colonial Pipeline Pipeline 4,189,630$222,084,381*___________________________________________________________________________* Approximately 65.28% of the taxable 2010 assessed valuation of the Parish.Source: Pointe Coupee Parish Assessor.SUMMARY DEBT STATEMENT AS OF NOVEMBER 2, 2011(For additional information, see Appendix "E" of this Official Statement)A. Direct Debt of the Parish of Pointe CoupeeType of ObligationPrincipal OutstandingRoad Improvement Refunding Bonds $ 615,000Sales Tax Revenue Bonds 534,856Certificates of Indebtedness 230,000B. Underlying Debt of the Pointe Coupee Parish School BoardType of ObligationPrincipal OutstandingLCDA QZAB $ 190,255Revenue Bonds (Taxable QSCB) 2,355,000C. Underlying Debt of School District No. 10Type of ObligationPrincipal OutstandingUnlimited Ad Valorem Tax Bonds $2,020,000D. Underlying Debt of Fire Protection District No. 1Type Of ObligationPrincipal OutstandingCertificates of Indebtedness $ 548,654E. Underlying Debt of Fire Protection District No. 4Type of ObligationPrincipal OutstandingCertificates of Indebtedness $17,051F. Underlying Debt of Waterworks District No. 2Type of ObligationPrincipal OutstandingWater Revenue Bonds $2,195,899Bond Anticipation Notes 2,000,000B-4

G. Underlying Debt of Sewer District No. 1Type of ObligationPrincipal OutstandingUnlimited Ad Valorem Tax Bonds $236,239Sewer Revenue Bonds 169,655H. Underlying Debt of Sewer District No. 3AType of ObligationPrincipal OutstandingUnlimited Ad Valorem Tax Bonds $32,668Sewer Revenue Bonds 11,969I. Underlying Debt of Sewer District No. 4Type of ObligationPrincipal OutstandingSewerage Bonds $1,246,077J. Underlying Debt of the City of New RoadsType of ObligationPrincipal OutstandingUtility Revenue Bonds $3,925,000Outstanding Short Term IndebtednessAccording to the Treasurer of the Governing Authority, the Parish has no shortterm indebtedness other than normal accounts payable or as otherwise stated in this OfficialStatement.Default RecordAccording to the Treasurer of the Governing Authority, the Parish has neverdefaulted in the payment of its outstanding bonds or obligations.Bank Balances2011:The Parish reported the following balances in its various funds as of August 31,BalancesName of Fund Cash Investments TotalConsolidated $220,188 $2,251,486 $2,471,674Multi Use Center Fund 35,503 -- 35,503General Fund 111,023 -- 111,023Parishwide Recreation 21,524 -- 21,524Motor Vehicle Fund 14,007 -- 14,007Road Improvement Fund 604,874 -- 604,874$1,007,119 $2,251,486 $3,258,605Source: Pointe Coupee Parish Police Jury. Figures unaudited.B-5

AuditIncluded in Appendix “C” hereto are the audited financial statements of theGoverning Authority for the for the fiscal year ended December 31, 2010, audited by Postlethwaite& Netterville, Certified Public Accountants, and their report, dated as of June 29, 2011, is includedtherein. The audited financial statements pertaining to the Issuer which are included in this OfficialStatement have been included in reliance upon said report; however, such Auditors have notconsented to inclusion of the financial statements herein and have not performed any additionalreview procedures related thereto. The Auditors did not perform any procedures relating to any ofthe information in this Official Statement.BudgetIncluded in Appendix “D” to this Official Statement is a copy of the budget of theParish for the year ending December 31, 2011.GASB 45Effective with the fiscal year beginning January 1, 2009, the Governing Authorityimplemented Government Accounting Standards Board Statement Number 45 (“GASB 45”). Asummary of the impact of the Governing Authority's post-employment benefit obligations on thefinances of the Issuer is further explained in Note 11-Other Post-employment Benefits-of the 2010audited financial statements of the Governing Authority found in Appendix “C” hereto. See page 67of the audit.Per Capita Personal IncomeECONOMIC INDICATORSA comprehensive revision of the estimates of Per Capita Personal Income by Statewere published in April 2011 by the Bureau of Economic Analysis of the U.S. Department ofCommerce. The recent trends in revised per capita personal income for Pointe Coupee Parish,Louisiana, and the Nation are indicated in the following table:Per Capita Personal Income2005 2006 2007 2008 2009Pointe Coupee Parish $27,400 $28,702 $31,455 $34,097 $34,932Louisiana 30,086 33,776 35,789 38,142 37,632United States 35,424 37,698 39,461 40,674 39,635Source: U.S. Department of Commerce, Bureau of Economic Analysis. April 21, 2011.(The personal income level for the United States is derived as the sum of the county estimates; it differs from the national income andproduct accounts (NIPA) estimate of personal income because by definition, it omits the earnings of Federal civilian and militarypersonnel stationed abroad and others. It can also differ from the NIPA estimate because of different data sources and revisionschedules.)B-6

EmploymentThe Louisiana Workforce Commission has issued revised not seasonally adjustedannual average statistics for various employment areas within Louisiana. The annual average figuresfor Pointe Coupee Parish and Louisiana were reported as follows:Parish StateYear Labor Force Employment Unemployment Rate Rate2006 9,445 9,025 420 4.4 3.92007 9,451 9,058 393 4.2 3.82008 9,567 9,112 455 4.8 4.42009 9,493 8,855 638 6.7 6.62010 9,597 8,784 813 8.5 7.5The preliminary figures for September 2011 were reported as follows:ParishMonth Labor Force Employment Unemployment Rate State Rate09/11 9,443 8,636 807 8.5 6.9** Seasonally adjusted rate was 6.9.Source: Louisiana Workforce Commission. October 26, 2011.The names of the ten largest employers located in the Parish are as follows:ApproximateName of Employer Type of Business No. of Employees1. Louisiana Generating, LLC Electric Utility 3302. Nan Ya Plastics Corp. Plastic Products 2203. Newrich Industries Plastic Products 1304. Alma Plantation Ltd Sugar Manufacturer 1005. H J Bergeron Pecan Shelling Nut Processing 706. J M Manufacturing Plastic Pipe Manufacturers 507. Pointe Coupee Electrical MembershipCorporation Electric Utility 508. Jimmy Marionneaux Lumber Co. Lumber Retail 409. Georgia-Pacific Corp. Paper Manufacturer 2010. CRC Concrete Service Ready Mix Concrete 12Source: Pointe Coupee Assessor.There can be no assurance that any employer listed will continue to locate in the Parishor continue employment at the level stated.(The remainder of page intentionally left blank.)B-7

ANNUAL AVERAGE POINTE COUPEE PARISH CONCURRENT ECONOMIC INDICATORS 2006,2007, 2008, 2009 AND FOURTH QUARTER 2010POINTE COUPEE PARISH2006 2007 2008 2009 2010:4EMPLOYMENTTotal 5,504 5,570 5,501 5,498 5,578Agriculture, Forestry, Fishing, and Hunting 162 167 156 163 205Mining 129 115 82 120 151Utilities 344 347 349 361 355Construction 542 530 511 478 344Manufacturing 454 472 450 421 479Wholesale Trade 171 175 178 218 216Retail Trade 855 856 805 788 768Transportation & Warehousing 183 188 197 227 315Information 55 54 53 46 57Finance & Insurance 155 163 184 189 195Real Estate and Rental and Leasing 22 30 36 34 34Professional & Technical Services 139 148 172 163 143Management of Companies and Enterprises * * * * *Administrative and Waste Services 117 109 105 105 105Educational Services * * * * *Health Care and Social Assistance 706 729 743 714 749Arts, Entertainment, and Recreation 43 43 38 31 26Accommodation and Food Services 360 349 367 399 345Other Services, except Public Administration 92 91 107 101 101Public Administration 289 304 304 306 326EARNINGS ($ in Thousands) Annual Annual Annual Annual QuarterlyTotal $150,530 $170,734 $177,063 $182,027 $51,946Agriculture, Forestry, Fishing, and Hunting 3,875 4,165 4,490 4,969 1,927Mining 9,195 8,480 7,080 9,606 2,936Utilities 20,998 31,363 25,873 25,530 6,631Construction 8,966 12,811 15,408 15,117 2,968Manufacturing 15,565 16,278 15,855 16,145 5,939Wholesale Trade 4,557 4,682 5,208 5,765 1,538Retail Trade 15,444 16,084 16,414 16,224 4,120Transportation & Warehousing 7,678 8,517 9,956 12,405 5,088Information 1,352 1,379 1,451 1,269 375Finance & Insurance 5,834 6,603 7,371 7,834 2,216Real Estate and Rental and Leasing 501 1,247 1,831 1,723 440Professional & Technical Services 5,770 6,545 9,506 9,340 2,195Management of Companies and Enterprises * * * * *Administrative and Waste Services 3,178 2,800 2,916 2,795 717Educational Services * * * * *Health Care and Social Assistance 17,061 17,958 19,034 19,064 5,780Arts, Entertainment, and Recreation 523 657 743 672 154Accommodation and Food Services 3,455 3,419 3,715 4,214 1,016Other Services, except Public Administration 2,366 2,154 2,676 2,689 851Public Administration 7,693 7,950 8,647 8,697 2,389* Data non-publishable.Source: Louisiana Workforce Commission.B-8

Banking FacilitiesThe Parish is served by the following banks:BanksCottonport BankGuaranty Bank and Trust CompanyThe Peoples Bank & Trust Company of Pointe Coupee ParishRegions BankState Bank & Trust Company(The remainder of this page intentionally left blank.)B-9


AUDITED FINANCIAL STATEMENTSAPPENDIX “C”


FINANCIAL SECTIONIndependent Auditor's RcportManagement's Discussion and AnalysisBasic Fi~vancial Statements:Govcmment-wide Financial Statemcnts:Statement of Net AssctsStatemcnt of ActivitiesPOINTE COUPEE PARISH POLICE JURYNew Roads, LouisianaTABLE OF CONTENTSDecember 31,2010Fund Financial Statements:Government Funds:Balance ShectReconciliation nfthe Covernniental Funds BalanceSheet to the Statement of Net AssctsStatemcnt of Revenues, Expenditures, and Chanpcsin Fund 13alanccsReconciliation of the Statement of Revenues, Expenditures,and Changes in Fund Balances of the Governmental Fundsto the Statement of ActivitiesProprietary Funds:Statement of Nct AssetsStatement of Rcvenues, Expenses, and Changes in Net AssetsStatcment of Cash Flows - Major proprietary fundsFiduciary Funds:Statement of Fiduciary Net AssctsExhihitDiscrctcly Presented Component Units:Governmental Fund Type:Combining Statement of Net AssctsCombining Statemcnt of ActivitiesProprietary Fund Type:Combining Statement of Net AssctsCombining Statement of ActivitesA-1 0A-I l

TABLE OF CONTENTS (CONTINUED)Notes to Financial StatementsRequired Supplementary Information:General Fund:Statcmcnt of Revenues, Expenditures, and Changes in FundBalance - Budget (GAAP Basis) and ActualParishwidc Drainage Fund:Statement of Revenucs, Expenditures, and Changes in FundBalancc - Budget (GAAP Basis) and ActualRoads and Bridges Fund:Statement of Revenues. Expenditures, and Changes in FundBalance - Budget (GAAP Basis) and AchdPoinie Coupee Parish Library:Statement of Revenues, Expenditures, and Changes in FundBalance - Budgct (GAAP Basis) and ActualDetention Center:Statement of Revenues, Expenditures, and Changcs in FundBalance .- Budget (GAAP Basis) and ActualNotes to Required Supplementary InformationSupplcmcntary information:Major and Nonmajor Fund DcscriptionsCombining Balancc Shcet - Nonmajor Governmental FundsCombining Statement of Rcvcnues, Expenditures andChanges in Fund Balancc - Nonmajor Governmental FundsInternal Service Fund:Balance Shcet - Grass Cutting and SprayingStatement of Revenues, Expenscs and Changesin Retained Earnings - Grass Cutting and SprayingStatement of Cash Flows -Grass Cutting and SprayingOther Independent Auditors' ReportsIndependent Auditors' Report on Internal ControlOver Financial Reporting and Compliance and Other MattersBased on an Audit of Financial Statements Perfomled inAccordancc with Govermrerrtul Alrditirlg Stmr~krrd.~

TABLE OF CONTENTS (CONTINUED)Other Independent Auditors' Reports (continued)Schedule of Findings and Questioned CostsSummary Schedule of Prior Audit FindingsSchedules (Supplementary Financial Information)ScheduleUtility Customers (Without Audit)Insurance in Force (Without Audit)STATISTICAL INFORIMATIONTotal Asscts - Govcrnment-wide basisLiabilities and Fund Equity - Government-wide basisCash and Investments - Govemment-wide basisGovernmental Fund Type Revenues and ExpendituresBusiness Type Rcvenues and Expenditures

Postlethwaite& NettervilleINDEPENDENT AUDITORS' REPORTHononble President and Police Jurorsof Pointe Coupee Parish Police JuryNew Rouds, LouisinnaWe have audited he nccompmyu~g Iinarlcial slatements oflhe ~ovemmental activities, the business-we activities, eachmajor fund, and the aggregate remaining fund information of the Pointe Coupee Parish Policc Jury (Policc JUN) as ofand for the yea ended December 31,2010, wl~ich collcctivcly comprise the basic finmciol statements of the PoliccJury's primary government as listed in Lhe lable ofconlents. These fimcial slatemenis arc thc responsibility of thePolice Jury's management. Our responsibility is toexpress and opinion on these hmcialst~tcmenis based an our audit.We did not audit he fimcinl statements of the following discretely prcserrled component units:Pointe Coupee Parish Coroner's OficePointc Coupee P.aish AssessorFire Protection District No. 1Fire Protection District No. 2Fie Prutection Disbict No. 4Fire Protection District No. 5Pointe Coupce Parish Tourist CommissionDome Smile' Chemical nnd Wcllness CenterPoinlc Coupee Parish SIlerifTPointe Coupee Parish Clerk of CourtPoinlc Coupee P.mkh Health Service District No.1False River Air l'ark CommissionPointe CoupcePxish Waterworks District N0.2Pointe Coupcc Parish Sewerage District No.4Thosestatemenu represent 90% ofihcasscls and 94% ortherevenues oflhe aggregate discrelcly presentcdcornponellrunits. The financial stitemenls were audited by olher audilors whose repom were furnished lo us, and om opinion:ulsufar as it relalcs lo the amounts included for those entities, is based on the reports ofihe other auditon. We did notaudit the financial slaternenls of LhePointe Coupce Parish Library, n blcnded component unit, which statements reflectapprosimately $4,) 11,000 and $1,311,000 of asselsand revenues, rcipectively, asofand for the yew ended December31,2010. Those fmancial slalements were audited by mother auditor whosc report has bccn hnished to us, md ouropinion, insofarrlTa il relates lo the amounts included for lhc Poinre Coupce Paris11 Library, is based solely on the reportof the other auditor.We conducled our audit in accordance with auditing standards generally accepted in the United States of AmericamdIhc slmdards appljcnble to financial audit conlaincd in Governmorr Azrdiling Standards, issued by the ComptrollerGeneral ofhe United Slates. Those smdards require lhal we plnn md perform Ule audit to obtain reasonable ;~sl;ur;mccabout wl~etbcr the consolidated fmancial slatementi are free ofmaterial rnisstatcmcnl. h audit inclurles examining, on a8550 United Plozo Blvd, Suite 1001 . Boton Rouge, LA 70809 . Tel: 225.922.4600 . Fox: 225.922.461 1. . .;,.,: : . :; : :,. . , . ..- : z..:. :

tcsr basis, evidence supponing the mounts and disclosures in the financial statemenk. An audit also ulcludes messingIhe accounting principles used and sipificant estirnatcs made by mwagemcni as n,ell as evaluating the ovcnll fmancidstatcmcnt prescntation. Wc belicve that our audit and thc repons of other auditors providc a remonablc basis for ouropinion.In our opinion, bscd on our audit and lhe repons ofolher auditors, the fmancial statements referred to abovc presentfairly, in all material respects, lhc respcctivr financial position of the governmen!a! activities, Ihe business-typeactivities, ihc aggregate discrctcly presented component uni~s, each major fun4 and the aggegate remaining fundinformation of ihc Police Jury, as Dcccmber3 1 : 2019 and the respective change in fmancial position and cash flows,where applicable, far the year then cnded in conformity with accounting principles generally accepted in the UnitcdStotcs of Arncrica.In accordancc wid1 Government Audiring Siondord.!: we have also issucd a reporl dated lune 29, 201 I, on ourconsidernlion uf'lhc Policr Jury's internal control over fmancial reporting and our tests ofils compliance with cerl~inprovision of laws: regulations, contracts, and pant agreements and other matlcrs. The purpose ofthat repon is todescribe the scope ofour testing of internal control over financial rcportingmd complianceand Ule results ofthat tcstingwd not to providc an opinion on tlic inlcrnal control over financial reporting or on compliance. That rcpori is anintegral part of our audit performed in accordancc with Government Auditing S~ondards and should bc read inconjunction will1 this reporl in considering the resulk of our audit.nic Management's Discussion and Analysis and budgewry comparison information on pages 3 through 14 and 78throu@i 83 are not a rcquired part of the basic financial statcmcnts but arc supplementary information required byaccounting principles generally accepted in the United States of America We and the other auditors have appliedccrtain limited procedures: which consisted principally of inquiries of management regarding the methods ofmcasurernent md prescntalion ofthe required supplemenrary information. However, we did not audit the informationand express no opinion on it.The ocwmpanying financial information as listcd in the table of contents as schedules (supplementary financit~linfbrmation), scticdules 1 and 2, is presented for purposcs ofaddi~iunal analysis and is not a required parl orlhe basicfmancial statemew of the Police Jury. Wc have applied cemin limited procedures to schedules I and 2, whichconsined principally of inquiries of management regzuding the methods of measurement and presenLltion of thesupplemental information. However, wc did not audit thr information and expressnoopinion on it.Our audit was conducted for the purposc offorming opinions on the financial stalemcnts that collectively comprisetbcPolicc Jury's basic financial swtemcnls. The combining and individual non-major fund fimicial shtements (ExhibitsCthrough C1) and inlcrnnl service fund financial sralerncnE (Ediibirs D through R-2) are presented for purposcs ofadditional analysis and arc no1 a rcquired part oftbe basic financial statcrnetlts ofthe Police Jury. Such information hasbeen subjected to the auditing procedures applied in ihc audit of the fmancial statements and, in our opinion, is fairlystated, in all material respects, in relation to the basic financial shtemenb l&cn as a whole.7hr accompanying financial information in the shtistical information (Exhibits S-l through S-5) is presented forpurposes 01 addirional analysis and is not a required parf ofthe basic fmancial statements of the Policc Jury. Theinformation has not bccn audited by us, and accordingly, we express no opinion on this information.Baton Rouge, LouisinnaJune 29,201 1

POLNTE COUPEE PARISH POLICE JURYNew Roads, LouisianaMANAGEMENT'S DISCUSSION AND ANALYSISOur analysis of Pointe Coupee Parish Police Jury's financial performance provides an overviewof the Police Jury's financial activities for the ycar ended December 31, 2010. Please read it inconjunction with the Policc Jury's financial statements. which begin on page 15. TheManagement's Discussion and Analysis (MD&A) is designed to focus on the current year'sactivities, resulting changes, and currently known facts. This MD&A should be rcad inconjunction with the financial statements which begin on Exhibit A.FINANCIAL HIGHLIGHTSIncreases in revenue were realized in ad valorem tax revenue and charges for services. ThcPolice Jury maintained a logical and thoughtful alignment of parish resources to communityneeds as a result of these changes in revcnue.The major financial highlights for 2010 are as follows:Assels of the Policc Jury's primary government cxceeded its liabilities at the close of the ycarby approximatcly $15 million (net assets). Of this amount. approximately $4.9 million(unrestricted net assets) may be used without restrictions to meet the Police Jury's ongoingobligations to citilens and creditors.The primary government's total net assets decreased by approxirnatcly $577,000 during 2010.Governmental activities' net assets decreased by $285,000, primarily as a result of anincrease in chargcs for services of approximately $465,000 combined with an increase inexpenses of approxiniately S 1.7 nlillion.Business-type total net assets of the Police Jury dccreased by approximately $292,000 during2010. Ihe decreasc was primarily the result of an increase in increase in charges for servicesof$677,000 and an increase of operating transfers out of $782,000.As of the end of the year, the primary govemmcnt's governmental ftlnds reported combinedfund balances of $3.2 million, a decrease of $687,000 in comparison to the prior year.The Police Jury's unreserved and undcdicated governmental fund balances wereapproximately $3 million at December 31, 2010. Thc sources of this balancc were primarilythe General Fund ($541,000') and the Pointc Coupee Library Fund ($2.4 million).Significant aspects of the Police Jury's linancial wcll being, as of and for the year endedDecember 3 1, 2010, are detailed throughout this analysis.

USING THIS ANNUAL REPORTWith the implementation of Governmental Accounting Standards Board Statement 34, agovernment's presentation of financial statements focuses on the government as a whole and onmajor individual funds. Both perspectives allow the reader to address relevant questions,broaden a basis for comparison from year to year and enhance the Police Jury's accountability.This annual report consists of a series of financial statements. The Statement of Net Assets andthe Statemcnt of Activities (on pages 15 and 16-17) provide information about the activities ofthe Police Jury as a whole and present a longer-term vicw of the Police Jury's finances. Fundfinancial statements start on page 18. For governmental activities, these statements dcpict howservices were financed in the short term as well as what remains for future spending. Fundfinancial statements also report the Police Jury's operations in more detail than the govemrnentwidcstatements by providing inrormation about the Police Jury's most significant funds.Our auditor has provided assurance in their independent auditors' report, located immediatelypreceding this MD&A, that the financial statements are fairly stated. Varying degrees ofassurance are bcing provided by the auditor regarding the requircd supplemental information andthe supplemental inforn~arion. A user of this report should rcad the independent auditors' rcportcarcfidly to ascertain the level of assurance being provided for each part of this report.Reportine the Police Jurv as a WholeThe analysis of the Police Jury as a whole begins on page 15. The Statemcnt of Net Assets andthe Statement of Activities report information about the Police Jury as a whole and about itsactivities in a manner to determine if the Police Jury is in bctter condition as a result of the year'sfinancial results. These statcmcnts include all assets and liabilities using the accrual basis ofaccounting, which is similar to accounting methods used by most private-sector companies. A11of thc current year's revenues and expenses are taken inlo account rcgardless of whcn cash isreceived or paid. Thus, revenues and expenses arc rcported in these statements for some itcmsthat will only result in cash llows in future fiscal periods.These two statements report the Police Jury's net assets and related changes. You can think ofthe Police Jury's net asscts-thc differencc between assets and liabilities-as one way tomeasure thc Police Jury's financial health, or financial position. Over time, increases ordecreases in the Police Jury's net assets are one indicator of whcther its financial health isimproving or deteriorating. Othcr non-financial factors, however. such as changes in the PoliceJury's property and sales tax base and the condition of thc parish's roads and buildings, need tobe considered to assess the ovcrall well-being ofthe Police Jury.

In the Statement of Net Assets and the Statement of Activities, two kinds of activities arepresented, as follows:Governmental activities - Most of the Police Jury's basic services are reportcd here, including,public safety, transportation and development, health and welfare, fire protection, culture andrecreation, conservation, economic devclopnicnt, and general administration. Property and salestaxes, franchise fees. and state and federal grants finance most of these activities.Business-type activities - the Police Juv charges a fee to customers to covcr all or most of thecost of certain scrvices it provides. The Police Jury charges for various services including gasand solid waste, which are reported here.At Dcccmbcr 31, 2010, the Police Jury's net nsscts were $14.8 million for both governmentaland business-type activities, of which $4.9 million was unrestricted. Restricted net assets arereported separately to show legal constraints from debt covenants and enabling legislation thatlimits thc Police Jury's ability to usc thosc net assets for day-to-day operations.The analysis of the primary government Focuses on thc net assets and change in net assets of thePolice Jury's governmental activities and is as follows:Current and other assetsCapital asscrsTotal assctsCurrcnl and other liabilitiesLong-ter~n liabilitiesTuhl liabilitiesNct assets:ln\,eswd in capital assets.net of relatcd debtRcstrictedUnrestric~edToral net assetsPointe Coupec Parish Policc JurySta~cmen~ oTNet AssetsDecember 3l.ZOlO and 1009(in thousands)Governmental Business-tvpc Total Prima?Activities Activities Govcrnment2010 2009 2010 ZOO9 2010 2009

Total net asscts of the Police Jury's governmental activities decreased by approximately 2.5% or5285,000 during 2010. The decrease in governn~cntal net assets was attributable to decreasesexperienced in sales tax revcnue. Additionally, unrest~icted net assets in governmental activitiesdecreased by approximately $1.7 million. Unrestricted nct assets represent the part of net assetsthat can be used to finance day-to-day operations without constraints established by debtcovenants, enabling legislation or other legal requirements. 'The S1.8 million in unrestricted netasscts of govemmcntal activities represents the accun~ulated results of operations. It means thatif the Police Jury had to pay off all of the debt, there would be $1.8 million remaining.Additionally, the net carrying value of the Police Jury's capital assets increased byapproximately $976,000. This was due to purchases made and capital related dcbt retired during2010. The changes in nct assets arc discussed later in this analysis.The riel assets of the Police Jury's business-type activities decreased by approxirnatcly $292,000during 2010. The Police Jury has multiple utility oriented operations including natural gas andsolid waste. Thc primary focus of these funds is to operatc on a profitable basis with nogovernmental finds used to subsidize these operations.(Conlinued)

'The results ol' this year's operations for the primary government as a whole as reported in theStatement of Activities, are as Follows:Kevmurs:I'rogram revenurs:Chargcs Ibr wrriccsOperaling grams and contrihutiunjCapital grants and cnnlrihutions(ieneml rcvcnucs:Ad Valorcln taxesSnlcs tmcsOhcrPointe Coupec Parish Police JuryCh.an~cs in Nct AssctsFor the ycas cndcd Dcccmhcr .i I. 201 0 and 2009(in thousands)Go\mnmcntalBusiness-lyeActivities Activities Total21110 2009 2010 2009 2010 ZU09Total revenuesFu~iclional~Pmgrum Eq~cnscs:(icncral go\,crnmcntPublic salery'I'rnnsport:~tiun and dcvclupmcntI lcalth and wll>rcCulture and recreationCnnsurvalinnEconomic dcvclrymxnrRusincss-t)pc cspnscsln~crcil on lung-krm drbllncrcasc (dccrcnsc) in ncl assctshelire lransrers'rrans1:rsBeginning nel assclsl'nding ncr ~~ssc~sRcvenucs incrcascd by 161.5 million For governmental activitics that was primarily due toincreases in grant revenue and charges for services. Additionally, expenses were increased byapproximately S1.8 million for governmental activities. This change in expenses related to anincrease in general governmental expenses (16355,000) and an increase in transportation anddevelopment expenses ($1.7 million).

Component units - Thc govcmment-wide financial statemcnts include not only the Parish, butalso lcgally separale entities ibr which the Parish is financially accountable. Financialinformation for these component units is reported separately from the financial informationpresented for the Parish. These separate legal entities are listed below:Com~oncnt UnitsPointe Coupee Parish Coroner's OfficePointe Coupee Parish AssessorFire Protection District No. IFire Protection District No. 2Fire Protection District No. 3Fire Protection District No. 4Fire Protection District No. 5Pointe Coupee Tourist CommissionBonne Sante' Chemical & Wellness CenterPointe C oup SheriffPointe Coupee Clerk of CourtFalse River Air Park CommissionPointe Coupee Hospital Service District No. 1Port of Pointe CoupeeMosquito AbatementMandela Sewer DistrictLcgonnicr Sewer DistrictSewer District No. 1Sewer District No. 3Sewer District No. 4Watenvorks District No. 1Waterworks District No. 2Fund Financial StatementA fund is a ~~ouping of rclatcd accounts that is used to maintain control over resources that havebeen scgrcgaled lior specific activities or objectives. Traditional users of governmental financialstatements will find the fimd financial statements presentation morc familiar. The focus is onmajor funds, rather than gcncric fund types.Kc~orting the Police Jury's .Most Significant FundsAn analysis of thc Police July's major funds begins on page 18 with the fund financialstutements that provide deuiled inlbrmation about thc most significant funds-not thc I'oliccJury as a whole. Some funds arc rcquircd to be established by Statc law or by bond covenants.Howcvcr. the Police Jury establishes other limds to control and manage money for particularpurposes or meeting legal rcsponsibilities for using cenain taxcs, grants, and other money. ThcPolice Jury's two kinds of funds-governmental and proprietary .use different accountingapproaches.

Governmental funds-Governmental hnds are used to account for essentially the samefunctions reported as governmental activitics in the government-wide financial statements.However, unlike the government-wide financial statements, governmental fund financialstatements focus on near-term inflows and outflows of spendable resources, as well as balanccsof spendable rcsourccs available at the end of the fiscal ycar. Most of the Police Jury's basicservices arc rcported in govemmcntal funds. These funds are reported using an accountingmethod called modified accrual accounting, which nieasures cash and all other financial assetsthat can readily be converted to cash. The governmental fund statements provide a detailedshort-term view of the Policc Jury's general govcmment operations and the basic scrvices itprovides. Govcrntncntal fund providcs information to detern~ine whether there are more orfewer financial resources that can be spent in thc ncar future to finance the Police Jury'sprograms. We describe the relationship (or differences) between governmental activities(rcported in the Stalement of Net Assets and the Statement of Activities) and governmental fundsin reconciliation to the linancial statements. 'The governmental major funds (Exhibits A-2 andA-4) presentation is presented using modified accrual basis and focuses on the major funds of thePolice Jury.Proprietary funds--When the Policc Jury chargcs customers for thc scrvices it provideswhetherto outside customers or to othcr units of the Police Jury-these services are generallyreported in proprietary funds. Proprietary funds arc reponcd in the same way that all activitiesare reported in the Statement of Net Assets and the Statement of Activities. In fact, the PoliceJury's enterprise fi~nds (a component of proprietary fimds) are the same as the business-typeactivities reported in the government-widc statements but provide more detail and additionalinlbrmation, such as cash flows, for proprietary funds.Notes to the financial statcmenteThc notcs provide additional information that is essential toa fill understanding of the data providcd in the government-wide and fund linancial statements.Thc notes to the financial statements are a required part of thc basic financial statcmcnts and canbe found in Lxhibit A-14.Other information--In addition to the basic financial statements and accompanying notes, thisreport also presents certain rcquircd supplcmcntary information concerning original and finalbudgetary comparisons to actual rcsults for thc ycar for the Police Jury's niajor funds.Certain supplcmcntary financial infom~ation can bc found in Exhibits C through C-l and Dthrough D-2. These schedules are includcd [or additional information and analysis and do notconstitute a part of the basic linancial statements.

Financial Analvsis of the Covcmment's FundsThe general government operations of thc Police Jury are accounted for in the General, SpecialRcvcnue, Debt Service and Capital Project Funds. The focus of these funds, as noted earlier, isto provide information on near-tcrm inflows, outflows and balanccs of spcndablc resources.Such information is useful is assessing the Parish's financing requirements.The following is a summary orgeneral governmental operations for 2010 by fund type:2010 2009Special Debt CapitalGoneral Revenue Service ProjectFund Funds Funds Funds Totals TotalsRcvc~lues & transfers $ 4.145 S 7.169 $ 1.489 $ 350 S 13.453 $ 12,396Expcliditures 8: transfers ------4.503 7.792 1.505 340 14.140 13,233Surplus (drlicil) (358) (323) (16) I0 (687) (837)Beginning Fund bal;~nce --898 2.386 51.5 10 3,839 4,676---Ending Fund balance --$ 540 $ 2.063 S 499 --$ 50 S 3.152 S 3,839The Police Jury's governmental funds showed a dcficit of $687,000 during 2010. The maindelicit experienced rclatcd to gcneral governmental cupcnditurcs.At year end, fund balanccs wcrc approximately 53.2 million: with approximatcly S3 million asunrestricted and available for utilization at the Policc Jury's discretion.Thc General Fund is the chicf operating fi~nd of the Police Jury. At thc cnd of the fiscal year,fund balancc of thc General Fund was approximatcly $540,000 compared to the fund balance ofS898,000 at 2009. Thc dccrcasc io l i d balmcc rcsultcd primarily from the increases in generalgovernmental and public safety expenses.The Police Jury's othcr major hnds are the Parishwidc Dminagc, Roads and Bridges, PointcCoupcc Library and Detention Center special revenue funds and the Debt Service RoadImprovement fund. The Roads and Bridgcs hid balance decreased by appmximately $3.000.The Dctcntion Center fund balance cndcd at an approximate $540,000 dclicit, a decrease ofapproximately S543.000 along with the Dcbt Sewice Road Improvement fund decreasing by.S 16,000 cnding at $499.000.The I'arishwide Drainage and t'ointe Coupee Library spccial revenue funds fund balanccsincreased collectively by $2 18,000 during 201 0.

Sources of govemniental revenues, excluding t~ansrers, are summarized below(in thousands)2010 2009Source of RCVCIIUC Revenue Percent Revenue PercentTaxes $ 4.928 50% S 5.173 60%I~~tcrgovemmental 3.372 34% 2,384 28%Chargs for services 1.141 I I% 355 4%Miscellaneous 499 jo..; 722 8%TotalRevenues ofthe primary government for general governrnentnl fund types for 2010 increased by$1.3 niillion or 15%. The increase in rcvenue is primarily due to increases in charges forservices.Approximately $6.7 million of the $9.9 million collcctcd in 2010 was dedicated for specialpurposes. The remaining $3.2 million in the Cieneral Fund was available to fund a number ofPolice Jury services. Thesc undcdicatcd revenues supported public safety, all Police Juryadn~inistrative Iiunctions, and mandated costs for certain parish agcncics, such as the ParishCourt, and District Attomcy, As noted above, the Police Jury's ongoing activities are largelysupportcd by tax revenues, which represent 50% of total governmental resources.Expcnditures of the prima~y government increased $1.1 million in 2010. Expenditures forgcncral governmental functions for each major hnction arc summarized in the following table.-- FunciionGcncral governmentPublic saktyIlighways and srrcctsH'allli and welf;lreCulture and recreationConservationEconomic dcvclopmentDcbt serviceCapital ouiluyTotal2010Expenditure PrrcrntS 2.071 18%1.979 17%1 .J3 I 13%.?YO70..-3 i"1.588 14%I ;.?OXI l152 I %956 8?.%1.53 15%IF 11.110 100%(in thousands)2009ExpenditurePercent!i 2,130 2 l ?6969 90.-b2,214 21%782 8%1,854 18%1.063 I 0?'0120 1%1.048 10%163 2%S 10.353 100%The largest increase in spending occurred in capital outlay of $1.4 million or 840%, which wasmostly due to drainage improvements. The largest decrease in spending occurred in highwaysand streets in which spending decreased by $783.000 or 35%. This was the result of the decreasein the Police Jury's amounts of road construction.

GENERAL FUND BUDGETARY HIGHLIGHTSOvcr the course of the year the Police Jury's Gcneral Fund's budget was amended on severaloccasions. The amcndment of the operating and capital budgets is a customary practice of theParish and is reflective of the change that occurs with financial related matters throughout thefiscal ycar. The most significant changes during 2010 were as follows:To increase permit revenue received in 2010 above the amount originally budgeted.To increase operating transfers received in 2010 over the amount originally budgetedTo increasc cxpenses related to permits in 2010.The actual charge to appropriations (expenditures) was $89,000 less than the related final budgetappropriations of 52.8 million. The most significant variance occurred in General Governmentwhere the appropriation exceeded the expenditures by $1 13,000.Resources available for appropriation were $4.2 million with expenditures and transfers to otherfunds at $4.2 million. The operating deficit in the General Fund for 2010 was $358,000 and therelated fund balancc was $541,000 at December 3 1,2010.CAPITAL ASSET AND DEBT ADMNISTKATIOXCapital AssetsAt the end of 2010, the Police Jury had approximately S13.4 million invested in a broad nngc ofcapital asscts, including heavy equipment Tor road and drainage maintenance. vehicles, computerequipment, officc furniture, land, buildings, park facilities, infrastructure, and natural gassystems.Capital Assets at year-end (in thousands, as rcstatcd)Gover~~rnental Business-typcActivities Activities Totals2010 2009 2010 20OY 2010 2009Land $ 783 1 783 S 45 S 16 S 828 S 799Construclion in progress 27 1,329 27 1.329Buildings and improvements 3.464 3.010 2.394 2.270 5,858 5,280Library collection 646 655 646 655Machinery and equipment 803 I .034 803 1.034Infrastructure 5,196 3.771 5, 196 3.771Total asscls, net of depreciation $ 10,919 $ 10.582 $ 2.439 $ 2.286 5 13.358 $ 12;868During 7010, capital assets of the Police Jury increased by approximately $490,000.incrcase is attributcd to asset additions and dcpreciation expense recognized during 2010.This

Roads maintained by the Police Jury include certain bridges, which are supported by both woodand concrete surfaces. The Police Jury has elected to record infrastructure on a prospective basisin accordance with GASB 34 provisions. As a result, only certain infrastructure improvementsmade from 2002 through 2010 have been recorded and depreciated.Drainage maintenance of $1 .I million was expended during 2010 and was accounted for in theParishwide Drainage special revenue find. The Police Jury maintains various natural waterwaysthroughout Pointe Coupee Parish, including False River. Manmade structures, such asbulkheads, are capitalized and depreciated in the government-wide financial statements, whilemaintenance items, such as dredging. are expensed. There were various construction projectssuch as road and facility construction and gateway enhancement in progress at December 31,2010. More detailed information about the Police Jury's capital assets is presented in Note 6 tothe financial statements.At year-end, the Police Jury had S3.8 million in bonds, notes and capital leases outstandingversus $4.1 million last ycar-a decrease of $253,000 as shown below:BeginningEnd ofof Year Additions Deletions YearGovanmental aclivities S 3.1 16,226 $ 644,404 S 825,153 $ 2,935,477Business-type activities 95 1,700 72,506 879,194S 4,067,926 S 644,404 $ 897,659 S 3,814;671The Police Jury authorized two additional capital leases during 2010. The Police Jury retiredapproximately $898,000 in debt. The State of Louisiana limits the amount of gcneral obligationdebt that municipalities can issue to 35 percent of the assessed value of all taxable properlywithin the Police Jury's corporate limits. The Police Jury's outstanding general obligation debtis significantly below this $1 19 million state-imposed limit. Other obligations include capitalleases and accrued compensated absences. More detailed information about the Police Jury'slong-term liabilities is presented in Nole 7 to the financial statements.

ECONOMIC FACTORS AND NEXT YEAR'S BUDGETSThe Police Jury's elected and appointed officials considered many factors when setting thefiscal-year 201 I budget and tax rates. One of thosc factors is the economy. The Police Jury'smajor economic industries are agriculturc, manufacturing, electrical generating and distribution,and tourism to False River. These activities have a major impact on the local economy andPointc Coupec's lahor force. Other important indushies include government, construction,banking and financial services, mcdical, utility, and wholesale and retail trade.An important factor affecting the budget is the ad valorem and sales tax collections thatapproximate 27% of budgeted revenue. The Police Jury budgeted a slight increase in sales taxcollections for 201 1. Additionally, the 201 1 operating budget expenditures provide for decreasesin corrections, conservation, culture and recreation, and general government expenditures.The Police Jury's 201 1 Budget contains $1.2 million for capital outlay.Appropriations of thc General Fund budget are $8.9 million, an increase of 223% over 2010actual expenditures of $2.8 million. Property taxes, licensing fees, grant revenue and hndingfrom the Police Jury's oil scvcrance are expected to fund the budgeted expenditures.Contactine the Parish's Financial ManagementThis financial report is designed to providc our citizens, taxpayers, customers. investors andcreditors with a general overview of the Police Jury's finances and to show accountability for themoney it receives. 11' you have questions about this report or need additional financialinforn~ation, contact the Police Jury's Finance Office at (225) 638-9556 or 160 East Main Strcet,New Roads, Louisiana. 70760.

POINTE COUPEE PARISH POLICE JURYSTATEMENT OF NET ASSETSExhibit ADecember 3 1,201 0ASSETSCash and cash cquivalenrslnvcstmentsAccounts receivable, ncrDue from orhcr povcmmcntsInternal balanccsDuc from fiduciary fundsOther assetsCapital asscts:Non-depreciableDepreciable, netPrimary GovernmentComponent UnitsCovernmcntal Business-Type Covernmentnl Business-TypeActivities Total Aclicities ActivitiesToral assctsLIABILITIESAccounts payablc and accrued linbilit~cs S 770,756Dcfcrrcd revenue94.54')Due to othcr govcrnmelas 91,621Customer meter dcpositsLong-tcm payables:Due within onc year 791,455Due in morc than one ycar 2.144.022Total liabilities3.9Ol.403NET ASSETSInvcstnicnt in capital assets,net ofrelarcd dcbr S,S58,603 1,560.304 I0,4 18,907 l I. 130.709 20,440.373Restricted for:Debt scrvice 49S.G72 36.300 534.972 1.267.038 514,542Other purposcs 88,879Unrcstricred 1,763,045 ?.115.120 3378,165 11,501.565 17.(,50.010Total nct assets i I. 120.320 3.71 1,721 14.832.044 23.986.191 38.604.925Total l~abilitics and net assets-S.IS.UZ1~723 S 5,921,41 1 S ?O;L)43.134 S 26,')01.544 5: 46.815.121Notcs on Exhibit A-Ill are an integral pan ofth~staierncnt.I5

POINTE COUPEE PARISH POLICE JURYSTATEMENT OF ACTIVITIESFor the year ended Decetnbcr 31.2010Funclions/YrogramsPrimary gorernment:Governmental activilics.General governmen!Public dctyTransponation nnd developmcnlHealth and wclC.scCulture and rccreulionDrninagcEconomic dcvclopmcntIntcrcst on long-lcrni dcbtTotdl gorcrnmcntnl activitiesProgram RevenuesOperatingCapitalCharges for &ants and Grants andExpenses Services Contributions ContributionsBusiness-typc activities:GasWaterSolid wostcMulti-use ccnwTotal busirwss-lypc ucti\'~licsTotal primnry gavcrnmenlComponenl UllilS'Governmental xtiviticsBusiness-typc actir~ricsTotal component unilsCienernl ruvenucs:Ta.~cs:ProperlySnlesFrmchiscOthcrGrants and contrib~ilions not rcsrrictc~l to spceilic programslwcsllncnt curningsGain (loss) on sale ofcapital assels, netl'ransrers (to) from olher fundsTotnl general revcnucs and rransfcrsChnngc in net assetsNut asscts - bcgmn~ng of yuar, as resta~cdNet asscts - end of yearNotvs on Enhib~l A-I0 are an intcpral pan ofthis nalcmcnl.16

E~h~bil A-INet (Expenses) Revenue andChanger in Net AssetsPrimary GovernmentComponent UnitsGovernmental Business-lype Governmental Business-typeActivities Activities Total Activities ActivitiesNotcs on Exhibll A-10 ure un intqnl pan orthis stntcment.17

Exhibit A-2POINTE COUPEE PARISH POLICE JURYBALANCE SHEETSGOVERNMENTAL FUNDS' Mhl Scmict Olhfr TolalKords und I'ointe Ct~upcc Urlenfion Husd Go~er~~mr~~fal (;ercrnmnmlGcllrnl lkaimgc Urid~cr I.ihnwy (1) C'mtrr lmprovrnlent Pllnlls FundsNotcs on F,shihit A-10 are an inlcgral pat of this staterncnt.18

POINTE COUPEE PARISH POLICE JURYRECONCILIATION OF THE COVEWMENTAL FUNDSBALANCE SHEET TO THE STATEMEYT OF NET ASSETSDecember 31,2010Tolal ncl asscts reporicd for goveninientul xtivities in tho stutenicntof net asscts arc diffcrcnt bccausc:Total fund balances - govcrnrncntdl funds (Eshibil A-2)Capiliil ~rscts used in govcrnrncntdl activitics arc ~iot financialrcsourccs and.thcrcforc. arc not rcportcd in thc govcmmcntnl fundsI.ong-term liabilities (,c.g, bonds. Icascsl, ure not duc and p:iyublcin thc currcnt pwiod and. Ihcrcfore, arc not reportrd in ihcgovcmmcnt;tl fhk.Accrucd in~orcs~ payable ( 16.670)Nct othcr post cmploymcnl bcncfil oblig;ition (523.436)Bonds and capital Icasc payablc (2,060,335)Compcnw~cd abscnccs payable 051.706)lntcrnal c1vicc funds arc used by managemcnt to cliargc thc costsactivitics to individual fimds. 'lhc asscts and liuhili~ics of intcrnnlscrvicc funds arc includcd in govcrnnicntal activiticsin lhc starcnicnl of nct assets.Nct asscts of g,vcrnrncntdl activities (Exhibit A)Notes on Exhibit A- I0 arc an intcgrd part of this stzltcnicnt.19

•* -T- r^:; OCe —"t r~^ '^w,>o""_ o"•o ^^r jOCr~ôoO)r iIf. r- r-- OC[--_ 'o, O r--_r- VI r«i ooU-. r-- O rt•/•It~-•T'TVI(--, r^.—ToOCO .' » Ol O l ^ l T O C C i - J - ^ t ^ nO O O r n O — C ' O r^TT•o_ (?•_ ^_^ t-i r-l OC .S — T--•o OC — o M r--' — -o '*'r - - r - n C o o O ' n « - > r Ô O r-. o in orr o r- io rn oL. îf nE?HCK:guôe-JU;^vfu^'CuCCp>ûJ;.?^

Exhibit A-5POINTE COUPEE PARISH POLICE JURYRECONCII,IATION OF THE STATEMENT OF REVENUES, EXPENDITURES, ANDCHANGES IN FUND BALANCES OF GOVERNMENTAL FUISDS TOTHE STATEMENT OF ACTIVITIESFor the year ended December 31,2010Thc change in net assets rcpo~tcd for govemmcntal activities in the stntcmcnt of activities isdifferent because:Net change in fund balances - total govcrnmcntul funds (Exhibit A-4)Governmental funds rcport capital outlay as cxpcnditures. Howevcr. in thestatement of act~v~tics, thc cost of those assets arc allocated over their estimateduseful lives and reported as dcpreciation cxpcnsc. This is the amount by whichdepreciation cncccds capital outlay.Capital outlayDcprcciation cxpenseThe lmbihty and cxpensc for compensated absences are not reported in sovernmentalfunds. Payments for compensated abscnces arc rcpnrtcd as salarics whcn thcy occur.The paynicnt consumcs currcnt linanc~al rcsourccs, and it would take a catastroph~ccvcnt for th~s liability to becornc a currcnt liabil~ty.The lssuancc of long-tam dcbt (e.g. bonds, Icnscs) provides currcnt financialresources to govcrnmcntal funds. In thc statement of net assets. howcvcr, issuingdcbt incrcnscs long-tcrm liabilities and docs not affect the staterncnt of activities.Smilarly, payment of pnncipal is an expenditure in the govcmmcntal funds butreduces the liability in the statemcnt of activitics.Proceeds from the issuance of long-term dcbtPrincipal payments on dcbtCapital lcasc obligationSomc cxpcnses reported in the st3tcmcnt of activities do not requtre the use ofcurrent financial resources and. thcrcforc, arc not reported as expenditures ingovcmmcntai funds.Prepaid assets, change during 2010Nct other post ernploycmcnt benetit obligationAccrued interest payable, changc during 2010Internal servlce funds arc uscd by managcmcnt to charge thc costs ofccna~nactivities to individual funds. Thc nct revenues of intcrnal service funds areincluded in govcrnmcntal activities in thc statcmcnt of net ;~sscts.Change in net assets ofgovcrnmcntal activities (Exhibit A-I)Notes on Exhibit A-10 arc an integral part of this statement.2 1

POlNTE COUPEE PARISH POLICE JURYSTATEMENT OF NET ASSETSPROPRIETARY FUNDSExhibit A-6ASSETSCurrcllt asscls:Crlsh and cash equivalentslnvestmelllsAccounts rrcuiwhle. netIhc fmni other gowrnmentsDue fiorn othcr lmdsOther ;ascNF;~lsc River Tulal TotalSarurlll (:;IS hlulti-lhr Utility Enterprise Internal ScrviccSystem Solid Wnstr

POINTE COUPEE PARISH POLICE JURYSTATEMENT OF REVENUES, EXPENSES, ANDCHANGES IN NET ASSETSPROPRIETARY FUNDSExhibit A-7]:or thc :ear ended Dermkr 31. 2010OPEHATING KEYEWESCharger I'or scnwccsGas chargesSulid want chargcrUser fees and IcmsPenalriesFalse Kirrr Tolal Tolrl%aturaI Gas Mulli-Use IJrili@ Enterprise lnlrrnal SrlviccSvrlcm Solid Wnrtr Crnrrr Xlrintrnancr Funds FundsTold opcrnling revenursOPER:\TIKC EXPENSESS.~larics and hcncRtsAdm~sislmtiuc cnclcI'rofcssmnal iind lccl~nical sen.icerLlliluicsSuld waste d~spordl fccNalural gas purchasurlnsurorlcuKcpnirs. mainlcnanuu lllld sllpplicsMirccllancousU~uullecliblc accounts (reeuwries)DrpreclaliunTolill opcraling cxpcnscsOpenling it~eomc (lorslNOSOPERAI'ISC REVENLIES (EXPENSES)Operating Ironskn 1110per:hg 1r:wsli'rr ourSdrs lacs, llcllnfur~tl lrlCDnlFCirnnrs std ennrrlhutionsInlcrcrt on long-lcrm dehl and other clmrysTotal nonoperatin: rewnuts (cxpunrusiNel iiromc (losriXET ASSETSHcginning of ycnr. as ~L.SIOILNINotes on Exhibit A-I0 are an integral part of this stalernent.23

POINTE COUPEE PARISH POLICE JURYPROPRIETARY FUNDSExhibit A-8STATEIMENT OF CASH FLOWS - MAJOR PROPRIETARY FUNDSFor the ycarcndnl Deccmbcr 3 I, 2010CASH Fl.UU 5 PRU&I ('APITAL A'IURE1 \TEU FlhAhl'l\C. ACT)\ ITlESRECOXCILIATION OF Ol'EHITlSC; INCOME (LOSS)TONET CASH FROM (USED BY) OYEHITIYG ACTIVITIES:Notcs on Exhibit A-14 are an integral part of this statcmcnr24

POINTE COUPEE PARISH POLICE JURYSTATEMENT OF FIDUCIARY NET ASSETSFIDUCIARY FUNDSExh~b~t A-9December 3 I. 2010Poydras FundPrivate PurposeTrust (1)AgencyFundsASSETSCash and cash equivalentsInvestmentsAccounts receivable, netLlABlLlTJESAccounts payableDuc to other govenm~untal units -Pointe Coupee Parish School BoardCity of New RoadsTown of L-ivoniaTown of FordochcVillage of MorganzaMeld for contingenciesDue to othcr fi~nds -General FundTotal liabilitiesNET ASSETS(I) For the year ended December 3 1,2008Notcs on Exhibit A-I0 arc an intcgral part of this statement.25

w an- a^ r^ (Moo-Tti~^ rrrn O moou"i r-SOOC1m3C3C-*'Or-1ÔCONr-iin oo(N 'rtoSCTJ-'ONr-'U-)fOoo'm3C~"r~'faflrorioaia>ri>X^ûNJyoa*ECp~. - C -g -cB a; <

POINTE COUPEE PARISH POLlCE S[mYCOMBINING STATEMENT OF NET ASSETSALL DISCRETELY PRESENTED GOVERNMENTAL COMPONENT UNITSFxhihil A-111(Continued)Runnr Santv'lmrirt Chmticul andCummission \\'~llnrss Center (3) Sheril? (3) Clerk of Court (3) ToValTml liabilitiesTuhl net assrrrTotal li.abilitics and ncl sssQs

Exhihit A-I lPOINTE COUPEE PARISH POLICE JURYCOMBINING STATEMENT OF ACTIVITIESALL DISCRETELY PRESENTED GOVERhTMENTAL COMPONENT UNITSFor the yearended 1)rcembcr 31. 2010Firc Prutcctiun Fin: Prutcction Fire Prutectiun Fire I'rutcction Fire PrutectiunCoroner Assessor (1) District Nu. I (I) District So. 2 (2) I)irlricl No. 3 1)istrict Nu. 4 (1) Dirtrid Nu. 5 (I)ESPESSESPROGRAM REVEKUES:Chargcs for servicrCspilel grants and conlrihutiunsOprrcttmg grants and contributionsNcl prugraln rcr~cnucsGENERZL REVENUES:Taxcs:Propcrr).SalesDthcrGoin on s;dc ul'capitel assclsInvcsumcnl calnings(ItherNcl ossds - heginning of year, as restntcdNet assets -end ufycx(I) I-or ihc ycarendcd Dcccmbcl..3l. 2009(21 tor he yew cnded 1)cccmbcr 31. 20URNotes on liahihit A-13 arc an intcgrnl p;st ol'this statement28 (Continued)

POINTE COUPEE PARISH POLICE JURYCOMBINING STATEMENT OF ACTIVITIESALL DISCRETELY PRESENTED GOVERNMENTAL COMPONENT UNITSExhibit A-I l(Continurd)For thc yearmdud ller.rrnbcr 31. 2010Bnnnc Sanlel'uuriscCLurniuI andCommissiun \\'cllness Center (3) Shcriff(3) Clerk of Court (3) TotalESPESSES $ 49.993 .$ 327.338 S 7351.720 '$ 859.339 % 11.688.392PKOGR:\hl KEVEXU1:S:Clwgcs hr scrxiccs 11.200 5,918 1,846,841 788.219 2.693.328Capital grinls ;~nd contrihutiuns 335.733 43,808Operaling grams and contrihurions 13.500 140239 630,330 784,069NCI program revenueslolal gcnrrsl rcvenucs and transkrsNet assets - end ol'ycur S 54.386 S 118.943 S 7.368.089 S 1,292,637 S 23.988.191Notes on Exhibit A-13 are an integral part of this statement.29

9110'6f LL1'19 LiVOl I ZS'f C9llw9tic2WZ'SI ZHS'9 6W9SXL'ZZ 198'821 089'C LOZ'CZ SlIO'ZLE'fSSZ'ZP 608'P9 1 99SCR9'(,ML'StS 5 CIO'CRI 5 b9L 5 tiCCL8 5 OLV'V I ILS'160'5 1

POINTE COUPEE PARISH POLICE .IURYCOMBINING STATEMENT OF NET ASSETSALL DISCRETELY PRESENTED BUSINESS - TYPE COMPONENT UNITSExhibit A-I2iCnntinual)hlnnddr Lqunnicr Sewerage Swenge ScreragcSmcr S?rlcm S~nrr Swrm Dirtrirl Nu. I Dirtrill Nn.3A 1)btrid Yo. 4 (3) 'l'ulsl1.IARII.l'l'IF.SAccourspqrhle andaccrued lirhilbicsCusromer drporiEDuelo olhcr fundsLong-term pryahlc~Duc u,ithin onc l orDuc in more lhan one ywrTom1 linbiliier

POINTE COUPEE PARISH POLICE JURYCOMBINING STATEMENT OF ACTIVITIESALL DISCRETELY PRESENTED BUSINESS - 'TYPE COMPONENT UNITSFdse River >losquilo Pnrt ofllo~pilrl Lr>ice Air Park Abrlrmtnl Poinlr Cauyre Walcr \\'arks \Vnhr \VorLrDirlricl No. I Conmisriun Dislritt Parish Uirlri

YOINTE COUPEE PARISH POLICE JURYCOMBINING STATEMENT OF ACTIVITIESALL. DISCRETELY PRESENTED BUSliiESS - TYPE COMPONENT IJNll'S&land& I.rgonnirr Smcrapc Sewerrpe Scrrrr~rSesrr Swcm Serer Sprm District No. I Virlricl No. 3A Uirlrict No. 4 TnfalC:hrngcc in net assetsVel arsra - end or year

Exhibit A -14POINTE COUPEE PARlSH POLICE JURYNew Roads, LouisianaNOTES TO THE FINAKCIAL STATEMENTSXOTE 1 - SUIMMAKY OF SIGNIFICANT ACCOUNTING POLICIESSTATEMENT PKESENTATIONThe Pointe Coupee Parish Police Jury (Police Jury) is the governing authority for PointeCoupcc Parish, Louisiana, and is a political subdivision of the State of Louisiana. ThePolice Jury is governed by twelve jurors representing the various districts within the parish.The Police Jury. under the provisions of Louisiana Revised Statutcs 33:1271-1285, enactsordinances, sets policy and establishes programs in such fields as social welfare,transportation, drainage, industrial inducement, and health services.Louisiana Revised Statute 33:1236 gives the Police Jury various powers in regulating anddirecting the affairs of the parish and its citizens. The more notable of those are the powerto make regulations ibr its own govcrnmcnt; to rcgulatc the construction and maintenanceof roads, bridges and drainage; to regulate the sale of alcoholic beverages; and to providefor the health and wclfarc of the poor; disadvantaged and unemployed in the parish.Funding to accomplish these tasks is provided by ad valorem taxes, sales taxes, beer andalcoholic beverage permits, state rcvenuc sharing and various state and federal grants.In accomplishing its objcctives, the Police July also has the authority to create specialdistricts (component units) within the parish. Thc districts perform spccializcd functions,such as fire protection, library facilities, health care facilities, and utility operation.The Police Jury's financial statements are prepared in accordance with generally acceptedaccounting principlcs (GAAP). The Governmental Accounting Standards Board (GASB) isresponsible for establishing GAAP for state and local governments through pronouncements(Statements and Interpretations). The significant accounting policies established in GAAPand used by the Police Jury are discussed bclow.Thc financial statcmcnts comply with GASB Statement No. 34, Husic Fiiru~rcicll Slarei~rcn!s -nnrl Managertre~rt '.v Divct~~siorr and Anu!wi.s - For Stcrre urld Local Govc.rt~nlerrt.s (GASB 34)and include the rollowing:A Management l>iscussion and Analysis (MD&A) section providing an analysis of thcPolice Jury's overall financial position and rcsults of operations;Financial statements prepared using full accrual accounting for all of the Police Jury'sactivities, including certain infrastmchre (roads, bridges, etc.) improvements; andA change in the fund financial statements to focus on the major funds

Exhibit A - 14(Continued)NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)REPORTING ENTITYAs the governing authority of Pointe Coupee Parish, for reporting purposes, the PointeCoupee Parish Police Jury is the financial reporting entity for Pointe Coupee Parish. Thefinancial reporting entity consists of [a] the primary government (Police Jury), [b]organizations for which the primary government is financially accountable, and [c] otherorganizations for which nature and significance of their relationship with the primarygovernment are such that exclusion would cause the reporting entity's financialstatements to be misleading or incomplete.GAS8 Statement No. 14 established criteria for detemiining the governmental reportingentity and component units that should be included within the reporting entity. Forfinancial reporting purposes, in conformance with GASB Slatenlent No. 14, the PointeCoupee Parish Police Jury includes all funds that are within the oversight responsibilityof the Pointe Coupee Parish Police Jury. Thc basic criterion for including a potentialconlponent unit within the reporting entity is financial accountability. The GASB has setforth criteria to be considered in determining financial accountability. This criterionincludes:1. Appointing a voting majority of an organization's governing body, anda. The ability of the Police Jury to impose its will on that organization and/orb. The potential for the organization to provide specific linancial benetits to orimpose specific financial burdens on the Police Jury.2. Organizations for which the Police Jury does not appoint a voting majority but arefiscally dependent on the Police Jury.3. Organizations legal status including the right to incur its own debt, levy its own hxesand charges, expropriate property in its own name, sue and be sued, and the right tobuy, sell and lease property in its own name.4. Organizations for which the reporting entity financial slatements should bemisleading if data of the organization is not included because of the nature orsignificance of the relationship.Based on the previous criteria, the Police Jury has determined that the followingcomponent units are part of the reporting entity:

Exhibit A - 14(Continued)NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)REPORTING ENTITY (continued)Blended Component UnitsPointc Coupee Parish Natural Gas SystemThc Pointe Coupee Parish Natural Gas System provides natural gas scrviccs to theconstituents of the Parish. The governing board of the Pointc Coupcc Parish Natural GasSystem has the same members as the governing board of the Parish.Pointe Coupee Parish LibraryThe Pointe Coupee Parish Library provides resources and sentices to individuals forinSonnational needs for day-to-day living and pleasure, and for cultural, educational, andleisurely pursuits. The Library was established by the Pointe Coupee Parish Police Jury,under thc provisions of Louisiana Revised Statute 25:211. The Library does not possessall the corporate powers necessary to make it a legally separatc cntity from the PointeCoupee Parish Police Jury. The Library's financial statements for the year endedDecember 3 I, 2009 are presented in this report.Discrete Component UnitsPointc Coupee Parish Coroner's OfficeThe Poinle Coupe Parish Coroner's Office perlbrms all coroner services for the citizensof ihc Parish, which is fiscally dependent on the Parish and exclusion from thesefinancial statcmcnts would be misleading or incomplete.Pointe Coupee Parish AssessorThe Parish Assessor, an elected official as defined in the Louisiana state constitution, isa lcgally separate entity that levies its own property tax. Although the Assessor isindcpendcntly elected and legally separate, the Assessor is fiscally dependent on theParish and exclusion would create misleading or incomplete financial statement of theParish. 1:iscal interdependency exists between the Parish and the Assessor only in thatthe Parish is required by state statute to provide the Assessor office facilities. TheAssessor's financial statements for thc year endcd Decembcr 31, 2009 are presented inthis report.

Exhibit A - 14(Continued)NOTE 1 - SIJMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINIJED)REPORTING ENTITY (continued)Fire Protection Districts No. 1, 2, 3.4, and 5The Fire Protection Districts wcrc created by resolution of the Pointe Coupee ParishPolicc Jury under thc authority of Louisiana Revised Statute 40:1491. The Districtsoperate under a commission forn~ of government and provide lire protection services toall the territories situated within the limits of their applicable clection district. Inaccordance with LRS 40:1494, the Districts arc managed by a board of fivecomniissioners. Tn.0 commissioners are appointed by the Pointe Coupcc Parish PoliceJury. Due to this relationship, the exclusion of the Districts' financial sratemcnts wouldcreate misleading or incomplete financial statement of the Parish. Thc financialstatements for the years ended December 31, 2009, December 31, 2008, December 31,2010. December 31. 2009 and December 31, 2009 for Firc Protection Districts No. 1, 2,3,4 and 5, respectively, have been included.Recreation ConmissionThc Recreation Commission is a legally separate entity. The Parish provides funding tothe Comn~ission to maintain the parks and providc rccreahonal serviccs to theconstituents or thc Parisli. The Parisli appoints and can remove the lncmbers of theBoard or Commissioners. As such, the Parish can impose its will on the Commission.'l'hc financial staten~cnts of the Recrcation Commission are maintained by thc Parish andhave been includcd for the year ended December 3 I, 2010.Pointe Coupec Parish Tourist CommissionThe Pointe Coupce Parish 'Tourist Commission is a goCenmental corporation which wasorganized to promote tourism. Thc Tourist Commission is funded by the Parish andhotel motel tax. 'lhe Parish appoints and can remove all members to the Board ofCommissioners. As such, the Perish can impose its will on the Commission. Thc PointeCoupee Parish Tourist Commission's financial statements for thc year ended Deccmbcr3 1,2009 arc included in this report.Uonne Sante' Chemical and Wellness CenterThe Bonne Sante' Chemical Health & Wellncss Center was crcated as part of thc PointeCoupee Health Scrvice Dislrict No. I under the authority of Louisiana Revised Statutes46:105 1-1069. 'I'he Ccntcr is govemcd by the Pointe Coupee Health Service District No.1. which is a component unit of the Parish, since the Parish appoints and removes theBoard members of the District. The linancial statements for the year ended June 30.2010 have been included.

Exhibit A - 14(Continucd)NOTE I - SUMiMARY OF SIGNIFICANT ACCOIINTIIVG POLICIES (CONTINUED)REPORTING ENTITY (CONTIWED)Discrete Component Units (Continued)Pointe Coupee Parish SheriffThe Sheriff, an elected official as defincd in the Louisiana State Constitution, is a legallyseparate cntity. The Police Jury provides funding ibr the Sheriffs facilities andequipment including the correctional instihltion (Pointe Conpee Parish Detention Center)and the Pointe Coupee Parish Communication District. Although the Sheriff isindependently elected and legally separate, the Sheriff is fiscal dependent on the Parishand exclusion would create misleading and incomplcte financial statcmcnts of thcParish. The Sheriffs financial statement for the year ended June 30, 2010, arc includedin this report.Pointe Coupee Parish Clerk of CourtThc Pointc Coupee Parish Clerk of Court is a legally separate parish entity establishedby the State Constitution. Thc Policc Jury is required by statute to fund certainequipment, ficilities, and binding of pcrnmancnt rccords in thc office of the Clerk ofCourt. The Clerk's office provider; its own operating budget funds from fees andcharges. Although the Clcrk is indcpcndcntly clccted and legally separate, the Clerk isfiscal dependent on the Parish and exclusion would creatc mislcading and incomplctcfinancial statements of the Parish. The Clerk's linancial statcmcnt for the year cnclcdJune 30, 2010? are included in this rcport.Related OrganizationsThe following entities werc established pursuant to state or local statutes fir variouspublic pulposes within the Parish. The Parish appoints and rcmovcs the Board membersof each respective agency. Each agcncy is fiscally independent from the Parish, issuesits debt, approves its budgcts, and sets its rates and charges. The Primary governmenthas no authority to designate managcntcnt, or approve or modify rates. The Parish is notobligated for debt issues of thcsc agencies. The component uniis are listed below alongwith their fiscal year end.Pointe Coupee Parish Health Service District No. IFalse River Air Park CommissionMosquito Abatement DistrictPort of Pointe Coupee ParishLegonnier Sewer SystemMandela Sewer SystemPointc Coupee Parish Waterworks District No. 1Pointc Coupee Parish Waterworh District No. 2Pointe Coupee Parish Scwcragc District No. 1Pointe Coupee Parish Sewcragc District No. ?APointe Coupee Parish Sewcwgc District No. 4October31. 2010December 3 1,2008Dcccmber 3 1,201 0Dcccmber 3 1,201 0December 3 1,201 0December 3 1,201 0Dcccmber 3 1,201 0December 3 1.2009December 3 1,2010December 31,2010December 3 1,2009

Exhibit A - 14(Continued)KOTE 1 - SUIMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)FINANCIAL REPORTING ENTITY (CONTINUED)GASR Statenlent 14 provides Tor the issuance of primaly government financial statementsthat are separate from those of the reporting entity. However, the primary govemmcnts(Police Jury) financial statements are not a substitute for thc reporting entity's financialstatements. The accompanying primary govcrnmcnt financial statements have beenprepared in conformity with generally acccptcd accounting principles as applied togovernmental units. These financial statcments are not intended to and do not rcport onthe reporting entity but rather arc intendcd to reflect only the financial statements of theprimary government (Police Jury).Complete financial statement of the Parish discrctc component units and relatedorganizations can be obtained from there applicable administrative offices or at the officeof the Legislative Auditor of the State of I~ouisiana, 1600 North Third Street, P.O. Box94937, Baton Rouge. Louisiana 70804-9397 or on line attittv:%al>l? I .Ila.~l~lc.~a.~1s~1'11b~icli~~~orts~1isf~BASIS OF PRESENTATIONGovernment-wide Financial StatementsThe Parish's basic financial statements consist of the government-wide statcmcnts of theprimary government only and the fund financial statements (individual major finds andcombined non-major funds). The Police Jury's financial staten~ents are prepared inaccordance with accounting principles generally acccptcd in the United States of Americaas applied to governmental units. Private sector standards of accounting and financialreporting issued prior to December 1. 1989. generally are followed in hoth thegovernment-widc financial statements and the proprietary fund financial statcmcnts to theextcnt that those standards do not conflict with or contradict guidance of the GASB.Governments also have the option of lhllowing subsequent private-sector guidance fortheir business-type activities and enterprise funds, subject to the same limitation. ThePolice Jury has elected not to follow subsequent private-sector guidance.The government-wide financial statements include the statement of nct assets and thestatement of activities for all non-fiduciary activities of the primary government only. Thegovernment-wide presentation focuscs primarily on the sustainability of the governmentas an entity and the change in aggregate financial position resulting from the activities ofthe fiscal period. These statements distinguish between thc governmental and businesstypeactivities ol'the primary government.

tixhihit A - 14(Continued)NOTE 1 - SUMMARY OF SICNJFICANT ACCOIJNTINC. POLICIES (CONTINUED)BASIS OF PRESENTATION - Government-wide Financial Statements (Continued)Governnietltul uctivirics generally arc fnanccd through taxes, intergovernmental revenues,and other non-exchangc revenues.Blai~ress Fppe cactivities are financed in whole or part by fees charged to external partiesfor goods or services.The government-wide statcmcnt of activities demonstrates the degree to which the directexpenses of a givcn function or segment is offsct by program revenues. Direct espensesarc those that are clearly identifiable with a specific function or segrncnt. Programrevenues include: (I) charges to customers or applicants who purchase, use. or directlybenefit from goods, services! or privileges provided by a given [unction or busincss-typeactivity, and (2) grants and contributions that are restricted to meeting thc operational orcapital requirements of a particular function. 'Taxes and other itcrns not applicable tospecific program revenues arc reportcd as general revenues. Such amounts includeinternally dedicated resources such as a restricted property tax.Fund Financial StatementsThe fund financial statements are vcry similar to the traditional government fundstatements as prepared by governments prior to thc issuance of GASB 33. Emphasis isnowon the major funds in either the governmental or business-type categories. Non-majorfunds (by category) or fund type are summarized into a single column.The daily operations of the Policc Jury continue to be organized on the basis of funds ,each of which is considered a separate accounting cntity. The operations of each fund areaccounted for with a separate set ol sell-balancing accounts that con~prisc its asscts,liabilities, equity, rcvcnues and expenditures or cxpcnscs. as appropriate. Funds areorganized into three major categories: govcn~mental, proprietary and fiduciary. Anemphasis is placed on major funds within the govemmental and proprietary categories.A fund is considered major if il is the primary operating fund of thc Police Jury (theGeneral Fund) or meets the following criteria:Total asscts, liabilities, revenues. or expcnditureslexpense of that individualgovernmental fund or cnterprise fund are at least 10 percent of the corresponding totalfor all funds ofthat catcgory or type; andTotal assets. liahilitics, revenues. or expcnditurcs/expense of that individualgovernmental fund or cnterprise find are at Icast 5 percent of the corrcsponding totalfor all govemmental and enterprise funds combined.

Exhibit A - 14(Continued)NOTE 1 - SUMMARY OF SIGNIFICAYT ACCOUNTIKC POLICIES (CONTINUED)BASIS OF PRESENTATION - Fund Financial Statcn~ents (Continued)Government resources are allocated to and accounted L'or in individual funds based uponthe purpose for which they are to be expended and the mcans by which spending activitiesare controlled. The various funds of the primary government presented in the financialstatements are described below.Governmental Fund TypesGovemmcntal funds arc thosc through which most govcrnmcnlal functions of the PoliceJury are financed. The acquisition, use, and balances of expendable financial resourcesand relatcd liabilitics of the Police Jury are accounted for through governmental Cunds.Measurement is focused upon determining changes in financial position, rather than netincome. The following are the govemmcntal fund types of the Police Jury:General Fzcnd - The General Fund is the general operating fund of the Police Jury. It isuscd to account for all financial resources except those required to be accounted for inanothcr fund. The General Fund is always a major fund.Special Resetz~re Frinds - Spccial revenue funds are used to account for the proceeds ofspecific revenue sources (other than major capital projects) that are legally restricted tocxpcnditures Tor specilied purposes. Special rcvenoc funds that are considered majorfunds are the Parishwide Drainagc Fund, Roads and Bridges Fund, thc Poinle CoupeeLibrary Fund and thc Detention Center Fund.Drht Srrvice Funds - Debt service funds are uscd to account for the accumulation ofresources for, and the payment of, general long-term debt principal, interest and relatedcosts. The Debt Service Road Improvement Fund is a major fund.Capital Projects Funds - ('apital projects funds are used to account for financialrcsourccs to be used for thc acquisition or construction of major capital facilities (otherthan thosc financed by I'roprictary Funds).

Exhibit A - 14(Continued)NOTE 1 - SUMMARY OF SIGNIFICANT ACCOIINTING PO1,ICIES (CONTINUED)BASIS OF PRESENTATION - Proprietary Fund TypesEnterprise Funds - Enterprise hnds are used to account for operations (I) that arefinanced and operated in a manner similar to private business entcrpriscs - where theintent of the governing body is that the costs and expenses, including depreciation. ofproviding goods or services to the gcncral public on a continuing basis be financed orrccovered primarily through user charges; or (2) whcre the governing body has decidedthat periodic determination of revenucs earned, expenses incurred, andlor net income isappropriate for capital maintenance, public policy, management control. accountability, orothrr purposes. Enterprise funds are presented in thc business-type activities column inthe govcmment-wide financial statements. The major enterprise fhds are the False RiverWaterworks Maintenance Fund, thc Natural Gas System Fund, thc Solid Waste Fund andthe Multi-Use Center Fund.Internal Service Fumh - Internal service funds are used to account for thc financing ofgoods and services provided by one department or agency to other dcpartmcnts oragencies of the government and to other government units, on a cost reimbursement basis.The internal scrvice fund totals are presented as part of the proprietary fund financialstatements. Sincc the principal user of the internal scrvicc fund is the Police Jurygovernmental activities, linancial statements of the intcmal scwice funds are consolidatedinto the governmental activities column when presented on a government-wide Icvel. Tothe extent possible, the costs of these services arc reflected in the appropriate functionalactivity.The Police Jury has one internal scrvice fund, Grass Cutting and Spraying Fund, whosepurpose is to provide on-going maintenance and preservation of Police Jury land.Proprietary funds distinguish opcrating revenues and expenses from non-operating items.Opcrating revenues and expenses gencrally result from providing sewices in connectionwith a proprietary fiuid's principal ongoing operations. Opcrating expenses for cntcrprisefunds and internal service funds include the cost of sales and services. administrativecxpcnses, and depreciation ol'capital assets. All revenucs and expenses not rnccting thisdefinition arc reported as non-operating revenucs and cxpenses.Government-wide financial statementsThe government-wide financial statements are rcported using the cconomic resourcesmeasurement focus and the accrual basis of accounting. Revenues are recorded wheneamcd and expenses are recorded when a liability is incurred, regardless of the timing ofthe related cash flows. Property taxes arc recognized in the ycar for which thcy arelevied.

Exhibit A - 14(Continued)NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)BASIS OF PRESENTATION - Fund Financial StatementsFund financial statements1\11 governmcntal finds arc accounted for using a current financial resourcesmeasurement focus. With this measurement focus, only currcnt assets and currentliabilities arc generally included in the balance shcct. Operating statements of these fundspresent increases (revenues and other financing sources) and decreases (cxpcnditures andother uses) in net current assets. Govcnunental ftinds arc maintained on thc modificdaccrual basis of accounting.Govcmmental fund rcvenues resulting Smm exchange transactions are recognizcd in thcfiscal year in which the exchange takcs place and mects the government's availabilitycriteria (susceptible to accrual). "Available" mcans collectible within the current periodor within 60 days aHer year-end. Chargcs for services, fincs and forfeitures, and mostgovernmental misecllaneous revenucs, including investment earnings, arc rccordcd asearned since they are measurable and available.Non-exchange transactions, in which the Police Jury receives value without directlygiving value in return, includes sales tax, ad valorem tax, t'cdcral and state aid and grants.Ad valorcm taxes are recorded in the ycar the taxes are asscsscd. Ad valorem taxcs areassessed on a calendar ycar basis. becomc duc on November 15th of each year, andbecome delinquent after Deccrnber 31st. The taxcs are generally collcctcd in Decemberof the current ycar and January and February of the following ycar. Sales taxes arerecorded whcn in the possession of the intermediary collecting agcnt and are recognizedas rcvcnue at that time. Federal and state aid and grants are recorded as rcvcnue when thePolice Jury is entitled to the funds, generally corresponding to whcn grant related costsare incurrcd by the Police Jury.Expenclih~res are recognized in the accounting period in which the rclated fund liability isincurred, if measurable, except for (1) unmatured interest on long-tcm~ debt which isrecognizcd when duc, and (2) claims and judgments, and compensated absences arcrecorded as expenditurcs in the governmental lund type when paid with expcndablcfinancial resources. Allocations of costs such as depreciation and amortization are notrecognized in the governmental funds.All proprietary funds are accounted for on a flow of economic resources measurementfocus. Proprietary funds arc maintained on the accrual basis of accounting whereinrcvenues are recognized in the accounting period in which they are eamcd and becomcmeasurable, and expcnses are recognized in the period incurred, if measurable.

Exhibit A - 14(Continucd)NOTE 1 - SZ;MMAKY OF SIGNIFICANT ACCOUNTLYG POLICIES (CONTINUED)BASIS OF PRESENTATION - (CONTINUED)BUDGET POLICY AND BUDGETARY ACCOUNTINGA proposed budget is prepared and submitted to the Police Jury prior to the beginning ofeach liscal year. A budget summary and notice of a public hearing is published with thepublic hearing being conducted prior to the commencement of thc budget year.The budgets can be prepared consistent with the accounting method used for theapplicable fund and can be amended periodically for changes in projected activity. At theend of each fiscal year, unexpendcd appropriations automatically lapse. In no event shallthe total appropriations exceed total anticipated revenues taking into account theestimated surplus or deficit at the end ofthe current fiscal year.Budgets for the capital project funds do not necessarily follow the time schedule for otherfunds, since capital projccts may be started and completed at any time during the year.However. the capital project budget must be submitted to the Police Jury for adequatepublic hearing and adoption on a project-length basis. Annual operating budgets areadopted for the following governmental fimds: General, Special Rcvenue, Debt Scrviceand Capital I'rojects.The portion of unrescrvcd fund balance of individual funds designated for subsequentyear's expenditures represents the extent to which the fund balance is used to balance thesubsequent year's operating budget of that fund, as reflected in the legally adopted budget.CASH, CASH EQUIVALENTS, AND INVESTMENTSCash and cash equivalents for the primary government includes cash accountsA consolidated bank account has been established ibr the primary government into whichsubstantially all monies are deposited and from which most disbursements are made. Inaddition, investment purchases are chargcd and maturities are deposited to thrconsolidated bank account. The purpose of the consolidation of bank accounts was toprovidc administrative efficiency and to maximize investment earnings. The accountsentitled "Cash and Cash Equivalents" and "Investnlents" are therefore composed of afund's pro rata share of the cash balance in thc consolidated cash account plus it's pro ratashare of investments made through the investment ofexcess cash. Each fund shares in theinvestment earnings according to its average cash, cash equivalent, and investmentsbalance, prorated among funds.

Exhibit A - 14(Continued)NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLlClES (CONTINUED)For an investment, custodial credit risk is the risk that, in the evcnt of the failure of thecounterparty, the Police Jury will not bc able to recover the value of its investments orcollateral securities that are in the possession of an outside party. The investment policiesof the Police Jury are governed by state statutes which authorizes Policc Jury funds to beinvested in accordance with L.R.S. 39:1211-1245 and 33:2955 which allow, but are notlimited to the following investmcnt vehicles: United States Treasury Bonds, TreasuryNotcs, Treasury Bills, and fully collateralized interest bearing checking accounts andcertificates of deposit. Other investmcnt provisions rcquirc depositories to insure orcollateralize all deposits in accordance with state law and require securities collateralizingdeposits to bc held by an independent third party with whom the Policc Jury has acustodial agreement.For purposes of the Statement of Cash Flows, cash equivalents for each fund includedemand deposit account balances, and certificates of deposit and U.S. governmentsecurities with original maturities of three months or less.lnvestmcnts, which include US. govemrncnt securities, are stated at fair market value.Time certificates of deposits arc stated at cost. Unrealized gains and losses oninvestnicnts recorded at fair value are includcd in investmcnt income, if applicable.During the course of opcrations, numerous transactions occur between individual funds.llose relatcd to goods and services, and short-term interfund loans are classified as "duefrom other funds" or "due to other funds" on the balance sheet and result primarily fromparticipation in the consolidated cash account. Interfund receivables and payablcsbetween funds within governmental aclivities are eliminated in the Statement of NetAssets. See Note 13 for details of interfund transactions, including receivables andpayables at year-end. Any rcsidual balances outstanding bchveen the governmentalactivities and business-type activities are reported in the government-wide financialstatements as "internal balances."INVENTORIESIn thc primary government's governmental fund types, invcntories of supplies arerecorded as expenditures at the timc of purchase.RECEIVABLES AND BAD DEBTSIn the government-wide statements, receivables consist of all revenues eamcd at year-endand not ye[ received. Uncollcctible amounts due for ad valorem taxes and otherreceivables are recognized as bad debts through the usc of an allowance account orcharged off at the timc information becomes available which would indicate that theparticular receivable is not collectiblc. In govcmmental fund types, the uncollectibleamount is charged directly to the rcvenue reported. On the othcr hand, in proprietary fundtypes, the uncollectible amount is recognized as an uncollectible accounts expense.

Exhibit A - 14(Continued)NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)FIXED ASSETS AND DEPRECIATIONThe accounting treatment of property, plant and equipment (fixed assets) depends inwhether the assets are used in governmental fund operations or proprietary fundoperations and whether they are reported in the government-wide or fund financialstatements.Government-wide StatementsIn the government-wide financial statcnients, fixcd assets are accounted for as capitalassets, which include land and land improvements, buildings, equipment, furniture andinfrastructure assets (streets, roads, hndges, sewcr, and dramage systems). Allgovernmcntal fixed assets are valued at historical cost or estimated historical cost if aclualis unavailable. Donated capital assets are recorded at estimated fair market value at thedate of donation. Major outlays for capital assets and Improvements are capitalized atcompletion of conshuction projectsPrior to the implementation of GASB 34, governmental funds' infrastructure assets werenot capitalized. In accordancc with GASB 34, thc Police Jury is a Phase 3 governmentand rctroactive infrastructure reporting is optional. As such, thc Police Jury hascapitalized infrastructure improvements on a prospective basis. Infrastructure assetspurchased or constructed after ZOO2 by the primary government arc depreciatedaccordingly on the straight-line method.Depreciation on all exhaustible fixed asse!s is recorded as an allocated expense in theStatement of Activities, with accumulated depreciation reflected in the Statements of NetAssets. Depreciation is provided over the assets useful lives using the stmight-linemethod.Estimated useful lives, in years, for deprcciablr assets are as follows:Buildings and improvementsEquipmentVehiclesFurnitureInfrastructure5 - 50 ycars3 - 10 years5 years5 years15 - 40 yearsThe costs of normal maintenance and repairs that do not add to the value of assets ormaterially extend asset lives are not capitalized.Fmd Financial StutementsIn the fund financial statement, fixed assets used in governmental fund operations arerecorded as capital outlay expenditures of the govcrnrnental fund types when purchased orconstructed. Fixcd assets uscd in proprietary fund operations are accounted for the samemanner as in the govemment-wide statements.10

Exhibit A - 14(Continued)NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)LONG-TERM DEBTThe accounting treatment of long-tern1 debt depends on whether the assets are used ingovernmental fund operations or proprietary fund operations and whether they arcreported in the govemment-wide or fund financial statements.In the government-wide statement of net assets and in the proprietary fund types'financial statements, long term debt is reported as liabilities. Bond issuance costs arereported as deferred charges and anlortized over the tern1 of the bond. The long-term debtconsists primarily of public improvement and special assessment bonds, certificates ofindebtedness and accrued compensatcd absences.Long-fcrm debt for governmental funds is not reportcd as liabilities in the fund financialstatements. The debt proceeds are rcportcd as other financing sourccs and payment ofprincipal and interest are reported as expenditures. The accounting for proprietary funddebt is the same in the fund statements as it is in the govcmment-wide statemcnts.YET ASSETSNet assets represent the difference between assets and liabilities. Net assets invested incapital assets, net of related debt consist of capital asscts, net of accumulated depreciation,rcduced by the outstanding balance of any dcbt procccds uscd Car the acquisition,construction, or improvements of those assets. Net assets are rcportcd as restricted whenthere are limitations imposed on their use by external partics such as creditors, grantors,laws or regulations of other govcmmcnts.When both restricted and unrestricted resources are available for use, it is the Police Jury'spolicy to use restricted resources first. then unrcstricted resources as they are needed.KESERVES AND DESIGNATIOXS OF EQUITYSomc portions of frmd halancc in the governmcnlal fiind types are resewed to indicatelhat a portion of equity is legally restricted to a specific future use and not available forappropriation or expenditure.Designated portions of Cund balance indicate tentative futurc spcnding plans, which maybe changed and are subject to subsequent authorization belbre expenditures can be made.Ilowever, some designations have bcen legally authorized, such as the following: (a)"Designated for subsequent years' expenditures" is that portion of fund balance which hasbeen earmarked to fund the rollowing years' budgcts, and (b) other designations are madefor specific indicated purposes included in thc title.

Exhibit A - 14(Continued)NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)INTERFUND TRANSFERSAdvances between funds which are not expected to be repaid are accounted for astransfers. For the purposes of the Statement of Activities, all intcrfund transfers betweenindividual governmental funds have been eliminated.In those cases where repayment is expected, the advances are accounted for through thevarious interfund accounts.COMPENSATED ABSENCESAll Policc Jury primary government regular employees cam vacation leave in varyingamounts according to the employee's number of years of continuous service with nomaximum carry-over. Vacation is payable upon resignation or retirement at theemployee's current rate of pay.All Police Jury primary govcrnmcnt cmployecs earn varying days of sick leave per year.Sick leave is forfeited upon tennination, resignation, retirement or death.GASB Statement No. 16, Accourrlitrgfor Con~perrsated Absences, requires governments toaccrue compensated absences only to the extent it is probable that the employer willcompensate employees for benefits through cash payments conditioned on the en~ployees'termination or retirement.The Police Jury has recorded the following liabilities as of December 3 1, 201 0, for certainsalary-relaled benefits associated with the payment of compensated absences:1. Accrued vacation for each employee is valued at the employee's current rate of pay.2. No sick leave is recorded in the financial statements ibr active employees since theamount applicable under GASB Statement No. 16 is immaterial.The liability for these compensated absences is recorded as long-term debt in thegovernment-wide statements. In the fund financial statements, govcmmcntal funds reportonly the compensated absence liability payable from cxpcndable available financialresources, while the proprietary funds rcport the liability as it is incurred.

Exhibit A - 14(Continucd)NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)ESTIMATESThe preparation of financial statements in conformity with generally accepted accountingprinciples requires management to make estimates and assumptions that affect thereported amounts of assets and liabilities and disclosures of contingent assets andliabilities at the date of the financial statements. Thcy may also affect the reportedamounts of revenues and expenses of proprietary funds and the government-widefinancial statements during the rcporting period. Actual results could differ from thoseestimates. Estimates are used primarily when accounting for depreciation, allowance fordoubtful accounts, prepaid insurance. and deferred revenue.NOTE 2 - CASH, CASH EQUIVALENTS AND INVESTMENTSThe Police Jury maintains a consolidated bank account that is used by most funds exceptccnain funds with cash restrictions. Each fund type's portion of the consolidated bankaccount and the account balance of each fund type with a separate bank account aredisplayed on the combined balance sheet as "Cash and Cash Equivalents" or"Investments."DepositsAt Deccrnber 31, 2010, the carrying amount of deposits (including demand depositaccounts and certificates of deposit) was Sl ,I 13,933. The bank balance of S 1,561,507 issecured by federal dcpository insurance and collateral held by the Police Jury's agent inthe Police Jury's name.At December 3 1, 2010, the discretely presented component units have a carrying amountof $9,030,326 in deposits and the bank balance was $12,449,379. Thesc deposits aresecured by federal deposit insurance ($3,903,311) and plcdged securities held by thecustodial bank in the name of the fiscal agent bank ($8,546,068).InvestmentsThe Police Jury's investments are U.S. Treasury Bills and l'rcasury Notes as well asobligations of 1J.S. Government Agencies. At December 3 1,2010, the investments in US.Treasury and Agency obligations totaled $2,972,222.At December 31. 2010, the discretely presented component units have SIS.155.071 ininvestmcnts that consist of certificates of deposit ($1,447,975), LAMP ($7,92 1,877) andU.S. government securities (%S,785,219).

NOTE 2 - CASH, CASH EQlllVALENTS AND 1NVEST.MENTS (CONTINUED)Cash, Cash Equivalents and Investments SummaryEshibit A - I4(Continucd)The following is a reconciliation of the carrying amount of deposits and investments to"Cash and Cash Equivalents" and "Investments" for the Primary Government on thecombined balance sheet.Cash and cash equivalents:DcpositsCash on handTotal cash and cash equivalents 1,113,933Invcstrncnts:Investments (US. Governmental Fixed Income Securities) 52,338lnvsstmeiits (Money Markcr/Government Securities) 7-;214,044Investments (US. Govemnicnt obligations) 705.830Total investments 2,972J22TotalThe above stated bank balances are categorized as rollows:Federal deposit kurancc (FDIC)Pkdged securites in the Police July's nameInvestnmts not subject to categorimtion:1nvcstmnl.s in U S Sec~u.RlisTotal bank baknccs S 4,533,729Thcse deposits are stated at cost, which approximates market. Under state law, thesedcposits must be secured by federal deposit insurance or thc plcdge of securities owncd bythe fiscal agent bank. Thc market value of the pledged securities plus the fcdcral dcpositinsurance at all timcs must equal the amount on deposit with the fiscal agcnt. Thesesecurities are held in thc namc of the pledging fiscal agcnt bank in a holding or custodialbank that is mutually acceprable 10 both parties.

NOTE 3 - ACCOUNTS RECEIVABLE AXD DUE FROM OTHER GOVERNMENTSExhibit A - 14(Continued)Accounts receivable at December 3 1.20 10 for the primary government and discretelypresented component units. were as follows:Primary GovernmentUser feesAd valorem taxesSales and use taxesOthcrSubtotalLess allowance for uncollectible receivablesTotal primary governmentComponent UnitsPatient accounts receivableAd valorem taxesFees, charges and commissionsSales and use taxOtherSubtotalLess allowance for uncollcctible rcccivablesTotal component units 6,265,7 14TotalDue from other governments at December 31, 2010, consists of the following:Primary GovernmentState of LouisianaI'ointo Coupee SheriffOtherTotal primary governmentComponent UnitsGrantsState revenue sharingOtherTotal component unitsTotal

Exhibit A - 14(Continued)NOTE 4 - AD VALOREM TAXESThe 1974 Louisiana Constitution (Article 7, Scction 18) provided that land andirnprovemcnts tbr residential purposes bc assessed at 10% of fair market value; otherproperty and electric cooperative properties, excluding land, are to be assessed at 15%;and public service properties, excluding land, are to be assessed at 25% of fair marketvaluc. Fair marker value is detemlincd by the clccted assessor of the Police Jury on allproperty subjcct to taxation except public scrvice properties, which are valued by the1,ouisiana Tax Commission (LRS 47:1957). The correctness of assessments by theAssessor is subject to review and certilication by the Louisiana Tax Commission. 'l'hcAssessor is required to reappraise all propcrty subject to taxation at intervals of not morethan four ycars. Taxes paid undcr protest arc remitted by the Sheriff directly to the PoliceJury. No amoonts were held in protest at Deccmber 31, 2010. The Sherirf, as providedby State Law (LRS 33:1435), is the official tax collector of general property taxcs leviedby thc Police Jury and Policc Jury Special Districts. Ad valorcni taxes as presented inthesc financial statements are as follows:Property Taxes Assessed ForExpiration hssessed General SpecialFund Dare Mills Valuarions Purpose PurposcsGcneral Fund:Parish TaxParish Tax in New RoadsParish T.IX in 1.ivnnii1I.ihraly Fund:Component Units:Fire District No. 3\Vatu District No. ISewer District No. ISewer Disrricr Xo. 3AStatutoryStatutolyStatutory20292010202620182029

Exhibit A - 14(Continued),VOTE 4 - AD VALOREM TAXES (CONTINUED)The taxes levied in the enterprise funds are dedicated for debt service. The 2010 propertytax calendar is as follows:Millage Ratcs adoptedLevy DateDue DateLien DateCollection DatesOctober 15,2010October 15.2010November 15,2010January I, 201 1Deccmbcr 1,2010 to February 28.201 1Property taxes become delinquent January 1 of the following year. If taxes are not paid bythe due date, taxes bear interest at the rate of one and one-fourth percent per month untilthe taxes are paid (LRS47:2101). After noticc is given to the delinquent taxpayers, theSheriff is required by the Constitution of the Statc of Louisiana to sell the least quantity ofproperly necessaty to settle the taxes and interest owed (IXS 47:218 1). All property taxesare recorded in governmental funds, as explained in Note I, lievenues in governmentfi~nds arc recognized in the accounting period in which they become available andmeasurable. Property taxes arc considered measurable in the calendar year of the tax levy.Accordingly, the entire tax roll, less management's estimate for uncollectible taxes, isrecorded as rcvcnuc in the current calendar ycar. However, no allowance for uncollectibletaxcs was rccorded at December 31,2010.1211 of the taxes receivable at the cnd of the year are considered available. Availablemeans due; or past due and receivable within thc current period or expected to becollectcd soon enough thereafter to pay liabilities of the current period. In thc fundfinancial statements, property taxes are eonsidcrcd available because they aresubstantially collectcd by thc tax collector within 40 days subsequent io year-end andtherefore available to liquidate liabilities of the current period. Virtually all collectionsarc madc within this time frame.NOTE 5 - RESTRICTED ASSETSKestrictcd asscis consist of utility customer deposits and cash held in reserve as requiredin deht service agrccnicnts. Restricted assets at Ucccnlhcr 3 1,201 0, were as follows~Mctcr depositsCurrent debt serviceDepreciation and contingencyTotalComponent unitsCash and cash cquivalcnts - special revenue ti~nds $ 1,404,978Cash and cash equivalents - proprietary funds 816.754Total $ 2,221,732-

NOTE 6 - CAPITAL ASSETSExhibit A - 14(Continued)A summary of changes in capital assets for the primary government for the ycar endedDecember 31,2010, is as follows:Cowrnrnennl actirities:Capital assets, not being depreciated:LandConstruction in progressTotal capital assers, not being depreciatedCapihl assets. being depreciated:Buildings and improvementsLibrary colluctionEquipmenr? furnishings. and vehicleslnrrastructllreTotal capital assels being depreciatedLess accumulated dcprcciation for:Buildings and improvementsLihrar!.collectionEquipment. furnishings. and vehicleslnirastructureTotal accumulated depreciationTotal capital assets. being depreciated, netGovernmental actitrities capital assets. nctBeginningEndingRalance Increases Decreases BalanceBusiness-T!p .Activitie8:Capital assets, not being depreciated:LandCapital assets being depreciated:Utility sxstems a~id related equipnientLess accumulated depreciation5 16.23; moo s - 6 45.233Total capital asrrIs. being depreciated, netBusiness-type activities capital assets. netDepreciation expcnse was charged to functions/programs of the primary government'sgovcmmental activities as follows:Highways and streetsConservation and developmentTransportationGeneral governmentPublic safetyCulture and recreationTotal depreciation cspcnse - governmental activities $ 1!050,65654

Exhibit A - 14(Continued)NOTE 6 - CAPITAL ASSETS (CONTINUED)A summary of changes in capital assets for component units:AssessorFurniturr and rquipmrntAuturnobilcs'I-ulnl1.css: al-cumulated depreciation'TotalFirc F'rotcction Districl No. ILandCunslrucliun in progressBuildingsVehiclesEquipment and lurnitureToralLess: nccumulatcd dcprccialionToralI.'ire Prot~ctio~i District NO. 2LandBuildingsInliastructurcVchiclcsfiquipmrnt and liurnilureTolalLess: nccumulaled dcpreci~tiunT*lCllFire I'racction 1)istricr Nu. 3Buildings and imprwcmcn~sMachinmy and rquipmen1Vehicles-fatalIrcss: ilccuniuliitcd depreciationTuulFirc I'rulcclion Districr No, 1I.mdBuildings1nlia.strucmreVuhiclesEquipmen1 and furniture'roralI.css: nccumulared depreciationlolalReginning1:ndingBalance Add~lions Deletions Ralancc

NOTE 6 - CAPITAL ASSETS (CONTINUED)Exhibit A - 14(Continued)A summary of changes in capital assets for component units (continued):Fire Protcctiun District No. 5Beginning13ndingBalnncc Additions Deletions RalanceLandCunslructlon in progressHuildingsInliastructur'VrhiclesEquipnicnt and furniture1-"Idl..ess: accumulated depreciationI'otnlDonnu Santc Chemical I Iealth and WellncssMachincr) and cquipn~cntI.css: accumulated depreciationTotnl---8.162 12.333) 5.829I'oints Coupee Parish Sl~erifTLandBuildingI'urnilure and lixlurcsWeapons and equipmentVehiclcsTotalI.ess: nccumulaled depreciationToldClerk oi'Coun1-~urnilure md cquipl~ienlIsss: accumulatcd dcprcciiltiim'Total 26.390 (797) 25.599lluspi~ul Service U~strict Xn. IImdLand improvumentsHuildings and impro\~emenml;quipmcnlConslruclinn in progress-i'o1311.css accurnulaled depreciationTotal

Exhibit A - 14(Continued)NOTE 6 - CAPITAL ASSETS (CONTINIJED)A summary of changes in capital assets for component units (continued):False llivcr Air I'nrk CommissionImdConstruction in progressBuildingsInfrest~cturc1:urnilure and equipmcntTotalI.css: nccumulatcd dcprccialiunTotalMosquito Ahstcrncnt l)is~riclMachincry and equipmenlVchiclcs'fotnlLcss: accumulalcd dcprcciation1'0131Port of Pointc Coupee ParishBuildings and irnpruvmmnlsFurniture and listurushlachincp and cquipmcnt'foldLcss: nccumulatcd dcprcciuliunTotalW~tcrworlis I?isIriet NI). IImdConstrucriun in prugrcssnuildingsWaler SyslCmVchiclcsEquipment and liurniiurc'I'LXdI.rss: accumulalcd deprcci:~tionTaalWuumrorks Ilislrict No. ?[.andBuildinesWatcr Systl'mlutillI .ess: accurnulalcd deprccintionTotalHesinningEndingHnlancc Additions Deletions Balance

Exhibit A - 14(Continued)NOTE 6 - CAPITAL ASSETS (CONTINUED)A summary of changes in capital asscts for component units (continued):Mandrla Sewer SyaernSewer Systcn~I.ess: accurnulatcd dcprecialionTotalLegurmicr Sower SystemLandScwr SystemTotalLess: accumulscd dcprcciatiunTotalPoinw Coupee Scwapc Dinrici No. ILandI.and i~nprovrnlentsRuildings and improvcrnrntsMacllincry and cquipmcnlScncr SystemVchiclcsToldLess: accumulatcd deprccinhTotalPoinrc Couper Sewage Dislric! Yo. 3AL.andSewer Systemso111Less: accumularcd depreciationTulalPointc Cmpcc Scwagc l)izlricl Nu. 4Sewer SystemI.css: accumulated depreciationToValReginningEndingBalance Additions Deletions Balance'Total compuncnl unils capital assetsIxss: total accumulalcd dcpreci:~tionTolal component unils cq~lnl nssrls. net

NOTE 7 - LONG-TERM DEBTExhibit A - 14(Continued)Long-term debt is segregated between governmental activities and business-typeactivities. At December 31, 2010, governmental long-term debt consisted of thefollowing:General Obligation Ronds:54,805,000 Road lmprovement Refunding Bonds, dated January 1, 2003, duein annual installments at various amounts, including interest, throughSeptember 1, 2012; interest at various rates5480,000 Recreation Certificates of lndebtedncss, dated May 2004, due inannual installnlents at various amounts, including interest, through May I,2024 interest at various ratesCapital Lense Obligations:Lcase payable in monthly installnients of $1,282. nlaturing in February 2017and secured by equipmentLcase payable in rnontly installments of $753, maturing in March 2013 andsecured by equipmentLease payable in monthly installments of $871, maturing in August 2015 andsecured by equipmentLease payablc in monthly installments of $2,209, maturing in December201 t and secured by equipmentLease payable in monthly installments of $ 1.148. including interest, untilFebruary 2012 and secured by equipmentLease payable in monthly installments of S410, including interest, mawringin April 2013 and secured by equipmentLease payable in monthly installments of $3,560, until June 201 l andsecured by equipn~entLease payable in monthly installments of$2,848, until April 2013 andsecured by cquipmcntLease payabls in monthly installments olY2.561, until November 2013 andsecured by equipmentLease payable in monthly installments of 51,350, until October 2013 andsecured by equipmcntLease payable in monthly installments of SS6O.81. maturing May 2013 andsecured by cquipmcntTotal bonds and leasesAccrued absences:Net other post ernploynlent benefits obligation:Total indebtedness - governniental activities

NOTE 7 - LONG-TERM DEBT (CONTINUED)Exhibit A - 14(Continued)At December 31, 2010, long-term debt from proprietary funds consisted of thefollowing:General Obligation Bonds:$780.000 US. Department of Agriculture- RUS. Multi-Use Center, issuedMay I, 1995, due in annual installments of $5 1.768 (including interest)through May 1, 2026, interest at 5.25% $ 457.265$79,000 U.S. Department of Agriculture - RUS Multi-Usc Center, issuedMay 1. 1995, due in annual installments of$5,172 (including interest)through May 1, 2026, interest at 5.125% 45,714Capital Lease Obligations:Lease payable in annual installments of $ 65.242. maturing in January 2017and secured by equipment 376.2 15Total indebtedness - business-type activities $ 879,194Long-tcrm debt transactions for the year ended December 3 1,2010, were as follows:Governmental Activities:1213 1109 Additions Deletions 12131110General obligation bonds $ 2,000,000 $ - %; (565,000) $ 1,435,000Capital least obligarions 540.184 345.304 (260,153) 625,335Accrucd compensatedabsunces 318,l 13 33,593 351,706Net other post employmentbenefit obligation 37,929 265,507 523,436S ?,I 16,226 S 644,404 $ (825.153) % 2,935,477Business-type Activities:General obligation bonds $ 531,644 $ - $ (28,665) $ 502,979Capital lease obligations 420,056 (43.841) 376,215-- -$ 951.700 6 - $ (72,506)s 879.194

Exhibit A - 14(Continued)NOTE 7 - LONG-TEKM DEBT (CONTINUED)Debt Service Requirements to .MaturityThe annual debt service requirements ta amortize outstanding long-term debt excludingaccrued absences and nct other post employment benelit obligations. of the primarygovernment at December 3 1.2010 are as follows:Year endingDccember 3 1,'01 l20 1220132014301520 16-3020202 1-20252026-7030203 1-20352036-2040Governmental ActivitiesPrincipal$ 791,537779-772123.0196929 171.738139,97885.000Business-type ActivitiesPrincipal$ 76,24180,09984,29588,63893,204296.948159,769-Bond RestrictionsGeneral Obligation BondsUnder the temis of the indcnrure authorizing the issuance of Gencral Obligation Bonds -Series 2003, general revenues of the Police Jury are pledged and dedicated for thecstablishrnent and n~aintenancc of the following bond funds:General Obligation Bonds - Road Improvement Refinding Bonds - Series 2003 -Sinking Fund lo be used for the payment of principal and intcrest on outstanding bondsas they become due and payable. Mon~hly payments are to bc equal to thc sum of onesixthof interest falling due on thc nest interest payment date and one-hvell'lh of principalfdling duc on the nest principal payment date.General Ohligafiot~ Bonds - Roud Improvement R@ndirrg Borrds - Series 2003 -Reserve Fund to be used solely for the purpose of paying principal and interest on bondspayable from the Bond Sinking Fund, as to which there would otherwise be default. NoL'unds have been accumulated.

Exhibit A - 14(Continucd)XOTE 7 - LOXG-TERM DEBT (COKTINUED)Certificate of IndebtednessIn accordance with the terns of the indenture authoriring the issuance of the certificatesof indebtedness. exccss revcnues arc used for thc establishment of the 2004 Certificates ofIndebtedness Sinking Fund. The sinking fund is used for the payment of principal andinterest on outstanding debt as it becomes due and payable. Monthly payments are equalto thc sum of onc-sixth of interest hecoming due on the next intercst payment date andone-twelfth of principal becoming duc on thc ncxt principal payment date.Multi-Lse Center Revenue BondsIn accordance with the indentures governing Multi-Use Center Revenue Bonds, Series1995, cash is periodically deposited into accounts administered by a trustee bank. Thescbonds are a direct liability of the Multi-Usc Center Enterprise Fund to bc serviced by theearnings Crom the Fund. Deposits are made to these trust accounts in accordance with thcrequirements of each.1. The Multi-Use Center Revenue Funds requires all revenue derived from itsoperations to be deposited in a bank that is a mcmbcr of the Fcdcral DepositInsurance Corporation as long as any of the bonds are outstanding. Requiredtransfcrs are madc on a monthly basis to designated tnlst accounts.2. The Multi-Use Center Kevenue Bond Fund requires monthly fimd transfers from theMulti-lJsc Ccntcr Revenue Fund to provide payment of the next maturing intcrcstand principal of thc rcvcnuc bonds.3. The Multi-Usc Center Revenue Bond Reserve Fund requires monthly transfcrsranging from $22 to S21G until $56,940 has bcen accumulated. This fund is restrictedto paymen[ of principal and interest in casc of default. The current balance of thefund is$l1,716.4. The Multi-Use Center Depreciation and Contingency Fund rcquircs monthlytransfers ranging from $22 to $216. Thc Fund is restricted to payments for unusual orextraordinary maintenance, repairs, replaccmcnt, cxtcnsions or improvements thatwill either enhance its revenue producing capacity or provide improved service. Itwill also be used to pay principal and intcrcst if there are not sufficient funds in thcMulti-Use Center Revenue Bond Fund, or Multi-Usc Ccntcr Rcvcnue Bond ReserveFund. The current balance of the fund is $23.775.

NOTE 7 - LONG-TERM DEBT (COYTINUED)Exhibit A - 14(Continued)Component Unit DebtA summary of long-tcrm debt obligations for the componcnt units arc as follows:Conlpensated absences:Pointe Coupee Parish AssessorBonne Sante' - Chelnical& Wcllncss CenterPointe Coupee SheritfIJointe Coupw Ckrk ofCourtGencral obligation bonds:Scwcrage District No. ISewenge District No. 3Waleworks Dirtrict No. IRevenue bonds:Scwcrage Dislrict No. IScwerage Diitrict No. 3Wareworks District No. 1Watcnvorks District No. 2SheriffCenificate oflndcbtedncss:Hospital Scvicc District No. IFire Protection District Nu. IFirc Protection District No. 4Scwcrage District No. 4Watenvorks Dirtrict No. 2Leases payablc:Fire I'rotcction District No. IFire Protection District No. 2Fu-c Proleclion Pisuit No. 3Fire Protection District No. 4Botrw Santc' - Chemical & Wellness CenterLegal Debt MarginComputation of legal debt margin for general obligation bonds is as follows:Ad Valorem taxes - Assessed valuation, 2010 tax rolls $ 340.208.064Debt limit: 10% of asscsscd valuation (Ibr any one purposc) L34 , O mDebt limit: 15% of assessed valuation (for sewerage puyjoscs) s==L&Qu@Dcbt limit: 35' of asscssed valuation (aggregate, all purposes) f~l;2,0?2,&2

Exhibit A - 14(Continued)NOTE 8 - DEDICATED REVENUESales and Usc TaxThe Police Jury has a one pcr cent salcs and use tax approved by the voters onSeptember 19, 1984. The tax, after all necessary costs for collection and administration,is to be used for purposes in the percentages assigned, as follows:Not less than 35% is dedicatcd and used Tor capital improvements, maintenance,and operation of Pointe Coupee Police Jury Hospital District No. 1. including,but not limited to, the Pointc Coupec Genenl Hospital and other medicalcomplexes adjacent thereto and throughout the Parish:Not less than 20% is dedicated and used for the construction, maintenance, andoperations of a comprehensive Parishwide solid waste and non-hazardous wastedisposal program;Not lcss than 20% is dedicatcd and used for the construction and maintenance ofpublic. roads, highways. bridges and drainage facilities throughout theunincorporated areas of the Police Jury;Not lcss than 14% is dedicatcd and uscd for capital improvements, maintenanceand opcrations of a parishwide recreational program, including, but not limitcdto, a senior citizens and youth services program:The remaining 11% shall bc appropriatcd by the Police Jury for lawful PoliceJury purposes, by ordinance or resolution ofthe Police Jury.An additional % ccnt sales and use tax was approved by the votcrs on May 3, 1997, forI5 ycars for the purpose of constn~cting, improving and resurfacing the public roads andbridges in the Police Jury.

Exhibit A - 14(Continued)NOTE 9 - PENSION PLANSubstantially all employees ofthe Pointe Coupee Parish Police Jury are members of theParochial Employees' Ketiremcnt System of Louisiana ("System'). a cost-sharing,multiple-employer defined benefit pension plan administered by a separate board oftrustees. The System is composed of two distinct plans, Plan A and Plan B, with separateassets and benefit provisions. All employees of the Police Jury are members of Plan A.All permanent employees working at least 28 hours per week who are paid wholly or inpart from parish funds and all elected parish olticials are eligible to participate in theSystem. Undcr Plan A, employccs who retire -I. At or after age 60 with at least 10 years of crcditcd service.2. At or alier age 55 with 25 years of crcdited service, or3. At any age with at lcast 30 years of crcdited serviceMembers are entitled to a retiremcnt benefit, payable monthly for life, equal to 3'31, oftheir final-avcragc salary for each year of crcdited service. Howevcr, for theseernployccs who are members of the supplcmcntal plan only prior to January 1, 1980, thcbcnelit is equal to 1% of final-average salary plus $24 Tor each year of supplementalplan only scrvice earned bcfore lanuary 1. 1980, plus 3% of final-average sala~y for eachyear of service credited afier the revision date. Final-average salary is the employee'srrveragc salary ovcr the 36 consccutivz or joined months that produce the highestaverage. Employees who terminatc with at lcast the amount of crcdited service statcdabovc, and do not withdraw their eniployee contributions. may retire at the agcsspecified above and rcceive the benefit accrued to thcir date of termination. The Systemalso provides death and disability bcnelits. Renefits arc established by state statute.Thc System issucs an annual publicly available financial report that includes financialstatements and requircd supplementary infbrmation for the System. That repod may beobtained by writing to the Parochial Employees' Retirement System, Post Office Box14619, Baton Rouge, Louisiana 70898-4619. or by calling (504) 928-1361,Funding I'olicy Under Plan A. Membcrs are required by state statute to contribute9.50% of their annual covered salaly and the Pointc Coupee Parish Police Jury is requiredto contribute at an actuarially drtemincd rate. The current rate is 15.75% ol' annualcovered payroll. Contributions to the System also include one-fourth of 1% (exccptOrlcans and East Baton Rouge Parishes) of the taxcs shown to be collectible by the taxrolls of each parish. These tax dollars are divided behvccn Plan A and Plan B, basedproportionately on thc salaries of the active mcmbers of each plan. The contributionrequirements of plan membcrs and the Points Coupee Parish Police Jury are establishedand may be amcnded by state statute. As provided by Louisiana Revised Statutc 11:103.the employcr contributions are detemincd by an actuarial valuation and arc subject tochange each year based on the results of the valuation for the prior fiscal ycar. The PointeCoupee Parish Police Jury's contributions to the Systcm under Plan A for the years endedDeccmher 31,2010.2009, and 2008 was S379.281,5271,337, and $290,591, respectively.

Exhibit A - 14(Continued)NOTE 10 - DEFERRED COMPENSATION PLANThe Parish offers its employees a defcrred conlpensation plan created in accordancc withInternal Revenue Code Section 457. The Plan is administered by Nationwide RetirementSolutions, Inc. (Nationwide). The Plan, available to all Parish employees, permits thcm todefer a portion of their salary until future years. Participation in the Plan is optional. Thedeferred compensation is not available to employees until termination, retirement, death,or an unforeseeable emergency. In accordance with the amended provisions of InternalRevenue Code, all amounts deferred under the plan, all property and rights purchasedwith those amounts, and all income attributable to those amounts, property or rights aresolely the property and rights of the participants and their beneficiaries. As required, theParish established a custodial account with a third party administrator who will hold theassets and income of thc plan. Assets totaling $128,972 are held by Nationwide underagreement with the Parish.The Parish has implemented GASB Statement No. 32, Accorortiug utrd Fiirc~trciulKeporti~gfir Ii~tenrul Revetrrte Code Secriotr 457 Defirrerl Cot~rpensotio~t P1uir.s. Underthis statement, governnlents who have no responsibility for the plan and are not formallyconsidered the plan's trustee are not required to report the plan in its financial statements.Since the Parish plan is held in a custodial account with a third party administrator, theassets and liabilities are not presented in the Parish's financial statements.NOTE I I - OTHER POST-EMPLOYMENT RENEFITSThe Police Jury provides certain continuing health care and life insurance benefits for itsretircd employees. Substantially all of the Police Jury's crnployees become eligible forthose benefits if they reach normal retirement age while working for the Police Jury.Those benefits for retirecs and similar benefits for active employees arc providedthrough an insurance company whose monthly premiums arc paid jointly by the retireesand by the Policc Jury. The Police Jury recognizes the cost of providing retiree healthcare (net of retiree contributions to the prcmium) as expenditures when paid, which wasapproximately $83.000 ibr the year cnded December 3 1.2010. The retirees pay 100% ofthe cost of thc life insunncc premiums.Plan Description. The Pointe Coupe Parish Police Jury's medical benefits are providedthrough a comprehensivc medical plan and are made available to employees upon actualretirement.Employees are covered by a retirement system whose rctirement eligibility (D.R.O.P.entry) provisions arc as follows: 30 years of service at any age; or. age 60 and 10 yearsof service. Complete plan provisions are included in the official plan documents.

Exhibit A - 14(Continued)NOTE. 11 - OTHEK POST-EMPLOYMENT BENEFITS (CONTINUED)Lifc insurance coverage of $10,000 is provided to retirees and the blended rate (activeand retired) is approximately $0.89 per $1,000 of insurance. The employer pays 100% ofthe "cost" of the retiree life insurance, but it is based on the blended rate. Since GASB45 requires the use of "unblended" rates, we have used the 94GAR mortality tabledescribed above to "unblend" the rates so as to reproduce the composite blended rateoverall as the rate structure to calculate the actuarial valuation results for life insurance.All of the assumptions used for the valuation of the medical benefits have been usedexcept for the trend assumption; zero trend was used for life insurance. Some retireeshave additional small amounts of insurance which reduces after age 65. This additionalinsurance has not been taken into account in this valuation.Contribution Rates. Employees do not contribute to their post employment bcnefitscosts until they become retirees and begin receiving those benefits. The plan provisionsand contribution rates arc contained in thc official plan documents.Fund Policy. Until 2009, the Police Jury recognized the cost of providing postemploymentmedical and life benefits (Police Jury's portion of the rctiree medical andlife benefit premiums) as an expense when the benefit premiums were due and thusfinanced the cost of the post-employment benefits on a pay-as-you-go basis. In 2010,Police Jury's portion of health care funding cost for retircd employees totaled $80,864,and the life insurance totaled $2,178.Efliective with the Fiscal Year beginning January 1, 2009, Police Jury implementedGovernment Accounting Standards Board Statement Number 45, Accourrti~rg urrd17iiratrciul Reporti~rg by E~trployers for hrt enrplojmreirt Reircfits 0tlrc.r 111arr Porsiotrs(GASB 45).Annual Required Contribution. Police Jury's Annual Required Contribution (ARC) isan amount actuarially determined in accordance with GASB 45. The Annual RequiredContribution (ARC) is the sum of the Nornial Cost plus the contribution to amortize theActuarial Accrued Liability (AAL). A level dollar, closed amortization period of 30years (the maximum amortization period allowed by CiASB 43/45) has been used for thepost-employment benefits. The total ARC for the fiscal year beginning January I, 2010is $321,589 for medical, and $27,223 Ibr life, as set forth below:Medical LifeNormal Cost $ 133,625 $ 11,31230-year IJAL amorthation amount 187.964 15.91 1Annual required contribution (ARC) $ 32 1,589 $ 27.223

Exhibit A - 14(Continued)NOTE 11 - OTHER POST-EMPLOYMENT BENEFITS (CONTINUED)Net Post-employment Benefit Obligation (Asset). The table below shows PoliceJury's Net Other Post-employment Benefit (OPEB) Obligation (Asset) for fiscal yearending December 31,2010:MedicalLifeBeginning Net OPEB Obligation (Asset) 1/1/20 10Annual required contributionInterest on Net OPEB Obligtion (Asset)ARC AdjustmentOPEB CostContributionCurrcnt year retiree premiumChangc in Nct OPEB ObligationEnding Net OPEB Obligation (Asset) 1213 ID01 0 $ 473,974 $ 49!452The following table shows Police Jury's annual post employment benefits (PEB) cost,percentage of the cost contributed, and the net unfunded post employment benefits(PEB) liability (asset):Post Percentage of Net OPEBEmployment Fiscal Year Annual Annual Cost ObligationRenefit . Ended OPEB Cost Contributed (Asset)Medical 12131110 $321,589 25.82% $233,496Life 12!31/10 $27,223 8.00'!4 $24.433Funded Status and Funding Progress. In the fiscal year ending December 31, 2010,Police Jury made no contributions to its post cmploymcnt benefits plan. The plan wasnot funded at all, has no assets, and hence has a funded ratio of zero. As of January 1,2009, the first and most rccent actuarial valuation. the Actuarial Accrued Liability(AAL) was $3.087,672 (medical) and $302,242 (life), which is defined as that portion,as detcrmincd by a particular actuarial cost method (Police Jury uses the Unit CreditCost Method), of the actuarial present value of post employment plan benefits andexpenses which is not provided by normal cost. Since the plan was not funded in fiscalyear 2010. the entire actuarial accrued liability of $3,087,672 (medical) and $302,242(life) was unfunded.

Exhibit A - 14(Continued)NOTE I I - OTHER POST-EMPLOYMENT BENEFITS (CONTINUED)MedialIAActuarial Accrued Liability (AAI,) $ 3,087,672 $ 302,242Unlunded Act. Accrued Liability (UAAL) $ 3,087,672 $ 302,242Fundcd Ratio (Act. Val. AssetsIAAL) 0% 0%Actuarial Methods and Assumptions. Achlarial valuations involve estimates of thevalue of reported amounts and assumptions about the probability of events far into thefuturc. The actuarial valuation for post employment bencfits includes estimates andassuniptions regarding (1) turnover rate; (2) retirement rate; (3) health care cost trendrate; (4) mortality ratc; (5) discount rate (investment return assumption); and (6) theperiod to which the costs apply (past, current, or future ycars of service by ernployccs).Actuanally dctcrmined amounts are subjcct to continual revision as actual results arccompared to past cspcctations and new estimates are made about the future.The actuarial calculations are based on the types of benefits provided under the terms of'the substantive plan (the plan as understood by Police July and its employcc planmembers) at the time of thc valuation and on the pattern of sharing costs behvcen PoliceJury and its plan members to that point. The projccrion of benefits for financialreporting purposes does not explicitly incorporate the potential effects of legal orcontractual funding limitations on the pattern of' cost sharing bctwcen Police Jury andplan members in the futurc. Consistent with the long-term perspcctivc of actuarialcalculations, the actuarial methods and assumptions used include techniques that arcdcsigned to reduce short-tern1 volatility in actuarial liabilities and the actuarial value ofassets.Actuarial Cost Method. The ARC is determined using the lJnit Credit Cost Method.The employer portion of the cost for rctirce medical care in each future year isdetermined by projccting the current cost levels using the healthcare cost trend ratc anddiscounting this projcctcd amount to thc valuation date using thc other describcdpertinent actuarial assumptions, including the investment return assumption (discountratc). mortality, and turnover.Actuarial Value of Plan Assets. Since this is the first actuarial valuation, there arc notany assets. It is anticipated that in future valuations, should funding takc place. asmoothcd market value consistent with Actuarial Standards Board ASOP 6, as providedin paragraph number 125 ofGASB Statement 45 will be used.

Exhibit A - 14(Continued)NOTE 11 - OTHEK POST-EMPLOYMENT BENEFITS (CONTINUED)Turnover Rate. An age-related turnover scale based on actual experience as describedby administrative staff has been uscd. The rates, whcn applied to the active employeecensus, produce an annual turnover of approximately 10%. The rates for each age arcbelow:Agc18-25Percent Turnover20.0%Post employment Benefit Plan Eligibility Requirements. Based on past experience, ithas been assumed that entitlemcnt to benelits will commence four ycars afier eligibilityto enter thc D.R.O.P. Medical bencfits are providcd to cmployccs upon actualretiremcnt. Employees are covcrcd by a retiremcnt system whose retirement eligibility(D.R.O.P. entry) provisions are as ibllows: 30 years of service at any age; or; age 60 andI0 years of service. Entitlement to benefits continue through Medicare to death.Investment Return Assumption (1)iscount Rate). GASB Statement 45 states that theinvestment return assumption should be the estimated long-term investment yicld on theinvcstmenls that are expcctcd to be uscd to finance the payment of benelits (that is, for aphn which is funded). Based on the assumption that the ARC will not be funded, a 4%annual investment return has been used in this valuation. This is a conservative cstimateof the expected long term rctum of a balanccd and conservative investment portfolioundcr professional management.Hcalth Care Cost Trend Rate. The expcctcd rate of increase in medical cost is basedon projcctions performed by thc Office of the Actuary at the Cenlcrs for Medicare &Medicaid Services as published in National Health Care Expenditures Projections: 2003to 2013, Table 3: National llcalth Expenditures, Aggregate and per Capita Amounts,Percent Distributinn and Average Annual Pcrcent Change by Source of Funds: SclcctedCalendar Years 1990-2017, released in January, 2004 by thc Hcaltll Care FinancingAdministration (www.cms.hhs.gov). "State and Local" rates for 2009 through 2013 fromthis report were used, with rates beyond 201 3 graduated down to an ultimate annual ratcof 5.O'!O for 2016 and later.Zero trcnd has been assumed for valuing life insurance.Mortality Kate. The 1994 Group Annuity kse~ing (94GAK) table, projected to 2002.based on a fixed blend of 50% of the unloaded male mortality rates and 50% of theunloaded femalc mortality ratcs, is used. This is thc mortality tablc which the IKSrequires to be used in dctennining thc value of accmcd benefits in defined benefitpension plans.

Exhibit A - 14(Continued)NOTE 11 - OTHER POST-EMPLOYMENT BENEFITS (CONTINUED)Method of Determining Value of Benefits. 'She "value of benefits" has been assumedto be the portion of the premium after retirement datc cxpected to be paid by thcemployer for each retiree and has been used as the basis for calculating the actuarialpresent value of OPEB benefits to be paid. Thc cmployer pays 80% of the cost of themedical insurancc for the retirees and dependcnts. Thc rates provided applicable beforeage 65 are "blendcd" rates. Since GASB 45 mandates that "unblended" rates be used, wehave estimated the "unblcndcd" rates for retired before Mcdicare eligibility to be 130%of the blendcd rate and aller Medicarc eligibility to be 80% of thc blcnded rate forstandard coverage. Wc have further assumed that 25% of retirees decline coverage afterage 65 and that 50% of the rcmaindcr elect the Medicare Advantage plan, for whichrates have been supplied.NOTE 12 - INTEHFUYD TRANSACTIONSInterfund receivable and payable balancrsThc interfund balances of the Police Jury at December 31,2010 were as follows:Individual FundPrimary Government:General Fund:Detcntion CenterDebt Scrvice Road ImprovementSales TaxDminnge and Road EquipmentSewer District No. 3Scott Civic CenterSolid WasicMosquito AbatementPort of Pointc Coupee ParishMandela Sewcr SystemHealth Insurance Dcductiblc RcimbursrmentFalse River Air ParkSewer District No. 1Ad valorcm EscrowNatural GasRoads and BridgesDrainageSpecial Kevenue Funds:Road and BridgeCicncralDrainage

Exhibit A - 14(Continued)NOTE I2 - INTERFUND TRANSACTIONS (CONTINUED)Individual FundDrainageGeneralRoad and BridgeBuilding Maintenance and ReplacementFire District No. 3Building Maintenance and ReplacementDrainageDrainage and Road EquipmentGeneralCriminal CourtRoad ConstructionFalse River Air ParkGcncralRoad ConstructionParishwide RecreationCriminal CourtDebt Service Road ImprovementGeneralScott Civic CenterGencralParishwide RecreationRoad ConstructionDetention CenterGeneralIIealth Insurance Deductible ReimbursementGeneralTotal govemmcntal fundsRnterprise Funds:Natural Gas SystemGencralMulti-Use CenterSolid WastePort of Pointe Coupee ParishIxgonnier Sewer DistrictSewer District No. 3ASolid WasteGeneralNatural Gas SystemMulti-Use CenterNatural GasTotal enterprise fundsReceivable34.6051 10,00095,000Payable--3 10,00095,00045,0005,0003,108

Exhibit A - 14(Continued)NOTE 12 - INTERFUND TRANSACTIONS (CONTINUED)Individual FundAgency Funds:Ad valorem EscrowGeneralSales TaxGeneralTotal agency fundsComponent Units:Fire District No. 3DrainageMosquito AbatementGeneralSewer District No. I1.egonnicr Sewer DistrictGeneralScwer District No. 3.4GcneralNatural Gas SystemPort of Pointe Coupee ParishNatural GasGeneralLcgonnier Sewer DistrictNatural GasScwer Dismct No. IMandcla SewerGeneralTotal component unitsTotal interfund balancesReceivablePayableNOTE 13 - COMMITMENTS AND CONTINGENCIESGrantsThe I'olice Jury receives Federal and State grants for specific purposes that are subject toaudit by the grantor agencies. Such audits could lead to requests for reimbursement to thcgrantor agency for expenditures disallowed under terms of the grant. It is the opinion ofPolice Jury management that the Police Jury's compliance with the terms of grants willresult in negligible, if any, disallowed costs.

Exhibit A - 14(Continued)NOTE 14 - CENTRALIZED COLLECTION AGENCY AGREEMENTRisk .ManagementThe Policc Jury is exposed to various risks of loss related to torts; theft of, damage to,and dcstmction of assets; crrors and omissions; injuries to employees; employee healthand life; and natural disasters. The Police has purchased various insurance polices tocover such risks. Managcmcnt believes such coverage is sufficient to preclude anysibmiticant uninsured losses to the Police Jury. Settled claims have not exceeded thisinsurance coverage in any of the past three years.Litigation and ClaimsAt December 31, 2010, the Police Jury is defendant in several pending lawsuits filed inthe 18th Judicial District Court. The majority of these cases are eithcr covered byinsurancc or other defenses; however, the ultimate effcct of such litigation cannot beasccrtaincd at this time. As a result, no liability has bccn recorded relating to any ofthese claims and suits. It is the opinion of Police Jury management and legal counselthat the ultimatc resolution of any unrecorded litigation will not have a material effect onthc linancial position of the Policc Jury.In accordancc with Paragraph (B) (I) of Section 3 of Article VII ofthe Constitution of theState of Louisiana, the Police Jury entercd into an agreement on May 20, 1992 with all of'the sales and usc taxing authorities of the Parish of Pointe Coupee designating thc SalesTax Department of the Police Jury as the single tax collection agency. The agrecmcnt isell'ective as of July 1, 1992.NOTE 15 - POI.ICE JLRY MEMBER COMPENSATIOVCompensation paid to thc Police Jurors during 2010 was as follows:Melanie Liutxhe, PresidentWillie OlindeCornell DukesJoseph Bergeron. Sr.Albert Dukes, Jr.Glenn ClineKurt JarrcauClifford NelsonJohn R. PourciauJanet VosburgAllen MonkRusscll Young

Exhibit A - 14(Continued)NOTE 16 - STEWARDSHIP, COMPLIANCE AND ACCOUNTARlLlTYExpenditures Exceeding AppropriatiorrsExcess of expenditures over appropriations in individual funds or departments within thefunds occurred as follows:ActualRcviscd (GAAP UnfavorableBudget Basis) DiffcrenccGeneral Fund:Charges for services $Culture and recreationEconomic developmentOperating rransfcrs outSpecial Revenue Funds:DrainageConservationCapital outlayRoad and BridgcCharges for scrvicesHighways and streetsDetention CenterOther revenuePublic safetyDrainage and Road ImprovementPrincipal retirmentScott Civic CentcrCulture and recreationMotor VehiclePublic safetyRuilding and MaintenanceGeneral governmcntinsurance LossGeneral governmcntEmergency ShelterHealth and welfarcParishwidc RecreationPrincipal retirementlklealth insurance Deductible ReimbursementGeneral governmentAnimal Shelter ConstruchmI-lealth and welfareCapilal outlay

Exhibit A - 14(Continued)NOTE 16 - STEWARDSHIP. COMPLIANCE AND ACCOUNTABILITY (CONTINUED)Fund DeficitThe following fund experienced a fund deficit at December 3 1,2010:Solid WasteDetention CenterNOTE 17 - PRIOR PERIOD ADJUSTMENTSDuring 2010, the Police Jury discovered an error in thc rccording of a transaction in theprevious period. Blended and discrelely presented component units have been presentedas part of the current year report. The changes resulted in a net increase in net assets.Changes to these balances are as follows:Ct>iern~ncnl-wideGuvcrntncr~lal Business- Covernmnml Rusiness-TypcAclivilics T~pc AclivitiesCornponunt UnitsComponcnl IUnilsNet assets. be$nning ofvenr;3s previirusly sti~led: S 0.533.285 S 7,282,719 $ - $I'rescntation orcornponcnt ullils 589.502 (3279.383) 22.277.1110 37.65i1.414Reclass ofdiscretely presentedcompanr.nr unit la blended li~nd I.hOX.57XRcclass ot'hlendcd fi~nds to discrctclypmenlcrl component unils ( l58:074) ljXJI74I)ecrcasc li,r previously unrcc~rdedleitse pqahlcTu record ncr OPm li,lhility (257.9391i9X.375)Net assets -as rcstalcd S l l.JO5,35.? S 4.003.336 S 23.336.799 S 37,hXl,4l4NOTE 18 - SUBSEQUENT EVENTSIn preparing the financial svaternents, the Policc Jury has evaluated events and transactionsfor potential recognition or disclosure through Junc 20, 201 1, the datc the financialstatements wcrc available to be issued.

POINTE COUPEE PARISH POLICE JURYREQUIRED SUPPLEMENTARY INFORMATION

Exhibit BPOINTE COUPEE PARISH POLICE JURYSTATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCEBUDGET (GAAP BASIS) AND ACTUALGENERAL FIJNI)For the year ended December 31.201(REVENUESTaxcslntcrgovcmmcntalCharges for scrviccsLicenses and permitsInvcsuncnt incomeMiscellancousOriginalBudget$ 1,037,0001,434,700179.680369.1 5085.20014,000FinalBudget$ 1.020.500l,502,700166.080525,65055.20064,000ActualVariance -favorable(unfavorable)$ 995,181 S (25,) 19)1.435.493 (67,207)135,089 (30,991)534,922 9.27265,825 30,62569.079 5,079Total rcvenucsEXPENDITURESGeneral go\*cmmcntPublic safetyHealth and wclfarcCulture and rccrcationEconomic dcvclopmcntTotal cxpcnditurcsExccss (dcficicncy) of revcnuesover cxpenditurcsOTllER FINANCING SOURCES (USES)Opcrntiny transfers InProcccds liom sale of equipmentOperating transfers outTotal other financing sources (uses)Exccss (dcficicncy) of revenues uvc~cxpcnditures and other financingsourocs (oscs)FUND BALANCEncginning of ycarEnd of yearNotes on Exhibit A-I0 arc an integral pan ol this statement.78

Exhibit B-IPOINTE COUPEE PARISH POLICE JURYSTATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCEBUDGET (GAAP BASIS) AND ACTUALPARISHWIDE DRAINAGE FUNDFor thc year cndcd Dcccmbcr 3l.2010REVENUESTascsIntcrgovcmmcntalVariance -Original Final favorableBudget Budget Actual (unfavorable)$ 715.000 S 615,000 S 587.106 S (27.894)869,000 1.228.585 359.585Tow1 rcvcnucsEXPENDITURESConscrvatlonCapital projcctsTotal cxpcndi~urcsExcess (deficiency) of rcrcnucsovcr cxpcndilu~.csOTIIEK FINANCING SOURCES (LSES)Opcrating lrnnsfcrs inOpcrating Ironsfcrs nu1Total other financing sourccs (uscs)Exccss (dcticicncy) of revenues overcspcndirurcs and othcr financingsources (uscs)FUND BALAWEBeginning of yearEnd of yearNotes on Esh~b~t A-I0 are an ~ntegral pan of th~statcmcnt.79

POINTE COUPEE PARISH POLICE JURYSTATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCEBUDGET (GAAP BASIS) AND ACTUALROADS & BRIDGESFor the year ended Dcccmbcr 3 1,2010REVENUESlntcrgovcmmcntalChargcs for scrvicesLiccnscs and permitsMisccllancousOriginalFinalBudget Budget ActualVariance -fuvorable(unfavorable)Total rcvcnucsEXPENDITURESHighwys and srrcctsCapital projcctsTotal espcnditurcsExccss (dcficicncy) of rcvcnuc:ovcr c~pcnditurcsOTHER FINANCING SOURCES (USES)Operating transfers inOperating trmsfcrs outTotal other tinancing sourccs (uscs)Exccss of rcvcnucs over expendituresand othcr tinancing sources (uses)FUND BALANCEBcginning of ycalEnd of yearNotes on Eshlb~t A-10 are an integral part ofth~s natcrnent.RO

Exhibit 8-3POINTE COUPEE PARISH POLICE JURYSTATEMENT OF REVENIIES, EXPENDITURES AND CHANGES IN FUND BALANCEBUDGET (GAAP BASIS) AND ACTIJALPOINTE COUPEE PARISH LIBRARYFor the year ended December 31.201 0REVENUESTaxcsIntergovemmentnlInvcstmcnt incomeMiscelloncousVariance -Original Final favorableBudget Budget Actual (unfavorable)Total revenucsEXPENDITUKESCulturc and rcncationCapital projectsTotal expendituresEXCCSS (deficiency) ofrevcnuesovcr cxpcnditurcsFUND BALANCEBeginning of yearEnd of yearNotcs on Exhibit A-I0 :irc an intcgral pan ofthis statcmcnt.S I

POINTE COUPEE PARISH POLICE JURYSTATEMENT OF REVENUES, EXPENDI'I'UHES AND CHANGES IN FUND BALANCE-BUDGET(GAAP BASIS) AND ACTUALDETENTION CENTERFor the year ended December 31, 2010Exhibit R-4FinalRudpmOTHKK FISANClhC SOURCES (USKS)Oper3lmp wansferr in~ccsr (dcliciency) of revenues overcxpmdilwcs and other tinmcingsuurces (usmiEnd ofyaarNotes on Exhib~t A-I 0 arc an lnregrnl pan of this stnrcment.82

Exhibit B-5POINTE COUPEE PARISH POLICE JURYNOTES TO REQUIRED SUPPLEMENTARY INFORMATIONFor the year ended December 31,2010NOTE I - BUDGETSBudget Policy and Budgetary AccountingA proposed budget is prepared and submitted by the Police Jury Treasurer to the PoliceJury prior to the beginning of each fiscal year. A budget summary and notice of a publichearing is published with the public hearing being conducted prior to the commencement ofthe budget year.The annual operating budget, prepared on the accrual basis, covers the general, specialrcvcnue, debt service funds, capital pro,jccts and enterprise funds. At the end of the fiscalyear, unexpended appropriations automatically lapse.In connection with budget preparation, a portion of the unreserved fund balance of anindividual fund may be designated for expenditures of the subsequent year. Suchdcsignation represents the cxtent to which the fund balance is used to balance thesubsequent year's operating budget of that fund, as rellected in the legally adopted budget.Basis of AccountingAll of the Police Jury's fimds budgets arc prepared on the accrual basis of accounting,which is described in Note I to the Police Jury's financial statements for the year endedDecember 3 1,201 0.

POINTE COUPEE PARlSH POLLCE JURYSUPPLEMENTARY INFORMATION

POINTE COUPEE PARlSH POLICE JURYMAJOR AND NON-MAJOR N ND DESCRIPTIONSGovernmental FundsGeneral Fund:General Fund - The General Fund accounts for all transactions not requircd to be accountedfor in another fund.Special Revenue Funds:Parishwide Drainare Fund - accounts for routine maintenance of parish drainage facilities.Financing is provided by transfers fiom the General Fund and proceeds from the StateRcvcnue Sharing Fund.Insurance Loss Fund - accounts for funds designated by the Police Jury for reimbursementof damages incurred by the Police Jury becausc of insulance deductible or damages notcovcrcd by insurancc.Buildinz Maintenance 6r Reolacement Fund - accounts for funds designated by the PoliceJury for the maintenance and replacement of certain govcmmcnt buildings.Criminal Court Fund - accounts for the receipts of court fees and fines and thedisbursements of court costs of the 18th Judicial District.Drainaxe and Road Eauioment Fund - accounts for designated revenues and theexpenditures to purchase equipment.Detention Center - accounts for a dcdicatcd tax levy for the constmction, maintenance andopcrations of the parish jail facility.Parishwide Recreation Fund - accounts for a dedicatcd tax levy for recreational parksaround the parish.Emerxencv Shelter Grant - accounts for a grant received to provide assistance to indigentindividuals.Roads and Bridtres Fund - accounts for the construction of new roads and bridges, and themaintenance of existing roads and bridges. Thc major sources of financing arc provided bythe Slate of Louisiana Parish Road Fund, Parish Royalty Iund and grants from theLouisiana Department of'rransportation and Development. Use of the funds is restricted byLouisiana Revised Statute 48:753.

Special Revenue Funds (Continued):Motor Vehicle Handling Fund - accounts for the expenditure of funds used to maintain thebuilding used for thc state department of motor vehicles.Sales Tax S~ecial Fund - accounts for the surplus funds remaining from the original I%sales tax ordinance.Commission on Tourism - accounts for the cxpenditures of funds to promote tourism in theparish.Economic Dcvelo~ment Fund - accounts for the expenditurc of hnds to promote economicdevelopment in the parish.Visitor Enternrise - accounts for the revenue and expenditures of funds received from thestate.Scott Civic Center - accounts for the revenues and expenditures of the parish civic center.False River Aimark Commission - accounts for the revenues and expenditures of the parishairport.Health Insurance Dcductiblc - accounts for the expenditure of funds for health insurancefor employees of thc parish.Capital Projects Funds:Road Construction - accounts for funds designated by the Policc Jury for the ongoingconstruction of Police Jury maintained roads.Animal Shelter Construction - accounts for funds designated by the Police Jury for theongoing construction and improvements of the Animal Shelter.Debt Service Fund:Road Irnprovemcnt Bond Fund - accounts for sales taxes used for the payment of interestand principal on $6,600,000 Road Improvement Bonds, dated September 1, 1997 andexcess sales tax collected for the construction or overlay of parish strccts and roads.Proprietary Funds:Pointe Coupee Parish Natural Gas Svstem - was originally established to provide gasserviccs to residents in the Sixth, Seventh, and portions of the Fifth, Eight, and Ninth Wardsof Pointe Coupcc Parish on May 7, 1952. Thc System is governed by a board consisting ofPolice Jury memhcrs.

Proprietary Funds (Continued):Pointe Counee Parish Solid Waste Fund - was established by the Pointe Coupee ParishPolice July to provide solid waste disposal for all residents of the parish. It is fundedthrough user chargcs and a special sales tax levy for garbage collection and disposal.Multi-Usc Center - accounts for the funds generated by the activities of the parish culturalcenter.Utility Maintenance - accounts for the maintenance of False River Water Works Corp.water systcm.Internal Service Fund:Grass Cuttinr and S~raving - accounts for the on-going maintenance and prcse~ation ol'Police Jury propcrty.Fiduciary Funds:Sales Tax Escrow - accounts for funds from prior sales tax ordinance dedicated forcontingencies.Sales 'l'ax No. 2 - accounts for funds reccived under thc central collection agencyagreement of the parish.Ad Valorem Tax Escrow - accounts for funds from prior ad valorem tax dedicated forcontingcncies.

POlNTE COUPEE PARISH POLICE JURYCOMBINING BALANCE SHEETNONMAJOR GOVERNMENTAL FUNDSASSETSCash and cash cquivalcnlsIIIY'~I"IL'III~Accounts rcccivablc. netDue fmni olhcr sovcmmcntsOthcr awlsSpccial Kcvenue FundsMutur False River BuildingVehicles Air Park hlaintcnsnce Insurance ParishwideHandling Commission PL Replacement Loss RccrcatiunLIABILI'I'IES AS11 FUND BALAKCELIABILIl'IES,\ccaunts pnyablrDuc to other fundsTolal liabilitics 65 L) 3.10s 95.275 74,622 45.419FUND BALASCEDesignated - subsequcnl ycar cxpcndiluros 3.209Desigrraled - capitill expccr~diturcs 102.999UndcsignatcJ 30.423 1.697 3,178 291 4,865~und bulancc 10.423 4.9~ 3. 178 291 107.X04Tolal liabililics 2nd fund balanccNotes on Exhihit A-Ill arc an intcgral pan ofthis statcmcnl.88

Exhibit C(Continued)POINTE COUPEE PARISH POLICE JURYCOMBINING BALANCE SHEETNONMAJOR GOVERNMENTAL FUNDSDecember 31,2010ASSETSCash and cash equivalu~asInvcsmientsAccounts rcccivahlc, n dDue from olhcr govcrnrnunlsOlhcr assctsTotal assctsSpecial Revenue FundsEmergent? Drainage HealthSheltcr and Koad Scott Civic Criminal InsuranceGrout Equipment Center Court Deductible$ 165 S 5.039 S 2.404 S 3.773 S 6,14719.416 1r1.3~5I4367 7112.623 6,676 46.059 ll1.61518$ 12.7R8 $ 36,l IS--16 48.4SI S 14.388 S 16.603LI,\RILIl'IES AND FUND BALAYCELIABILII'IESAccounts payableDuc lo ullicr funds'Total liabilities1;UNI) BALANCEDcsignalcd - subscqucnt ycar cxpcnditurcsDtsignatcd - capital expendituresUndtsigsdedTolal linbililics snJ fund h~lanccSotes on Exhibit A-I0 arc an invgral pan of this statement.8')

POLNTE COUPEE PARISH POLICE JURYCOMBINING BALANCE SHEETExhibit CI:Continucd)NONiMAJOR GOVERNMENTAL FUNDSDecember 31,2010ASSEISCash and cash equivalentsI~~vcstnlentsAccounts rcccivablc, nctDue froti1 othcr ywtmmcntsOthcr assctsTotal assrtsLIABILITIES AND FUKD BAIANCESpecial Rcvenue Funds Capital Pmject Funds 'I'otalNonmajarEconomic Commission Road Aninral GovernmentalDerelopmrnt on Taurism Construction Shelter FundsS - S 6.179 S 2;406 S 8.239 $ 259.592434,434 159,748235 57,463I 7S,464IR---5 34.669 S 6:170 S 43.107 5 8.239 5 596.317I.lABlLITIESAccounts payilblcDue lo other runJsTotal liahilitiusFUND BALANCEDoignalcd - subscqucnt yc:w c~pcndimresDcsigrrated - capilal crpcndituresUidcsignntcllFund hdnnccfowl liabililics and lurid balanccNotes on Exhibit A-I0 arc an inlugrnl part of this statement.90

POINTE COUPEE PARISH POLICE JURYSTATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCESNONMAJOH GOVEKNhlEK'I'I'AL FUNDSFor the year ended December 3 1.2010REVENIJESTawsIn~er~overnnientulCharges for serr,ice;Fincs and forfcitumsInl,cstrnunl inconleMiscellaneousSpccirl Revcnue FundsMotor Fnlw Riwr BuildingVehicles Air Park Mainlenance Insurance ParishwideIlandling Cornn~irsion & Replnrenwnt Loss RucruationS - 5 - S S - S 410,97534,063 85.00037,203 32.110h 7,637 689 93,onnEXPEN1)WUKESGeneral gowrnmcntPublic saCctyHighways a1111 strcutsHealth and wclrarcColtnn: and rccrcdlonCunscrvationDcbt xrvmCdpilal projcctsFUND BALA&CEBeginning orycar 31.716 7.057 3.434 72,375 6.583End of year S 30.423 5 4,906 S 3.178 S 291 S 107.864Notcs on Exhibit A-I0 sre an inlegrel part ofthis staicmcnt.9 1

POINTE COUPEE 'PARISH POLICE JURYSTATEMENT OF' REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCESWNMAJOR GOVERNMENTAL FUNDSExhibit C-l(Conrinucd)For thc year ended December 31.201 0REVENUESTawsInler~ovcrnmcntalCharses for scr\:iccsFines und forfeitureslnvestnlent lncomc\I~scdlonuousTotal rcvcnuusSpecial Revenue FundsEmergency Drainage HealthShelter and Road Scott Civic Criminal lnsursnceGriut Equipment Center Court DeductibleS - S 146.776 S S - S88.749 89.243 55.824 7.70031,863 700228,782541 26 29 12388,749 236.564 S7.736 237,182 29 1EXPESDITCIRESGenerul go!u\'cmrnunlPubl~c safc~yHighways md slrccvrHealth unrl \vclhn:Culture and recrexllonConscr~l~onDcbr sen~iceCapilal pnqcclsTotal eapcndilurcs 8Y ,740 404.374 IY7,!!65 270.863 35.743Excess (dclicicncy) of rcvcnt~csovcr cxpcndilurcs - (167.8IO) (1011,229) (33.681) (35.452)OTHER FIX,\SCI[VG SOI!RCES (LYSES)Opcraring lrn~iskn in 130,000 122,337 30.000 30,000Procccds iron1 snle of fiscd assets 5.3 150pcr:tmg transfcn oul (2,500)Crrcss (deliciency) ofrc~cnucs o wvpcnd~tum and other linsncingsources (uses)FUND B,\LANCERcgnnmg oi year 161 33,133 476 33.44 8.036Notes on Exhibit A-10 arc an integral part of rhis statement.92

POINTE COUPEE PARISH POLICE JURYSTATEMENT OF REVENUES, EXPENDI'I'URES AND CHANGES IN FUND BALANCESNONMAJOH GOVERNMENTAL FUNDSExhibit C-l(Continued)For the year ended December 3 I , 2010REVENUESTaxesIntergovemrncntalChargcs for servicesFines and forfeituresfnvcslrncnt incomeMisccllmeousSpecial Revenue Funds Capital Project Funds TotalNonmrjorEconomic Commission Road Animal GovernmentalDevelopment on Tourism Construclion Shelter FundsEXPENDITURESGeneral govcnlrncntPublic safetyHighways md ssvctsHwllh and welhwCulture and recrcatio~iConservationDcbl sen,ireCapilol projectsExccss [deficiency) of rcvenucsovcr cxpenllilurcsOTHER FIMNCINC SOURCES (USES)Operaling tm~islen inPrucccds rroni sale of lied assclsOpraling lrmsrcn outTotal othcr financing sourccs (oscs)Excess (dcficicncy) of rwanucs owrcxpcnditurcs and other financingsourccs (uses)FUND BALANCEBeginning ofycarEnd of yearNoteson Exhibit A-10 arc an integral part ofthis stotemcnt.93

POINTE COUPEE PARISH POLICE JURYSTATEMENT OF NET ASSETSINTERNAL SERVICE FUNDForthc ycarended Dcccmber 31.20lOCrass Cuttingand SprayingASSETSCash and cash cauivnlentsLIAB11.171ESAccounts payableRETAINED EARNINGSUnrescrvcdTotal liabilities and retaincd carningsNotcs on Exhibit A-I0 arc an integral part of this statcrncnt.94

Exhibit D-lPOINTE COUPEE PARISH POLICE JURYSTATENlENT OF REVENUES,EXPENDITURES AND CHANCES IN NET ASSETSIYTERZIAL SERVICE FUNDFur the year eridcd Dcccmber 31.2010OPERATING REVENUESChnrgcs for srrviccsGrass Cuttingand SprayingOPERATING EXPENSESSaleries and benefitsCapital outlaySupplicsContract rcpdirsMisccllancousTotal opcratiny expmscsOperating lossNONOPEKATINC KEVENUESOperating trmsfcrs inNct income iluss)RETAINED EARNIiSCSBcginning of yearEnd of ycnrSotes on Exhibit A-Iil are an inlcgral pan uf'rhis swtcrnenr.') 5

Exhibit D-2POINTE COUPEE PARISH POLICE JURYSTATEMENT OF CASH FLOWSINTERNAL SERVICE FUNDFor thc year ended Dcccmbcr 3 I, 20 I0CASH FLOW FROM OPERATING ACTIVITIESPaymcnts to suppliers for goods and scwiccsPnymcnts to cmployccs for services and benefitsGrass Cuttingand S~raviwNct cash used for operating activiticsCASH FLOWS FROM NONCAYITAL ANDRELATED FINANCING ACTIVITIESTransfers in from other fundsNct dccrcdse in cashCASH13cginniny ofpcriodEnd of periodRECONCILIATION OF OPERATING LOSSTO NETCASH USED FOR OPERATING AC'I'IVITIES:Operating lossChangc in opcmting asscts and liabilities:Accounts payablc and accrued i~abiliticsNct cash uscd for operating activiticsNotcs on Exhibit A-I0 arc an intcgl-al pan of this slatcrncnt.9G

Postlethwaite& Netterville1XI)EPENI)ENT AUDITORS' REPORT ON Ih'T13RNAL CONTROL OVERFINANCIAL m powrmc AND ON COMPLIANCE AND OTIIPR MATTERS BASIDON AN AUDIT OF Fm'Ah'CIAL STATEMENTS PERFOtLhlED IN ACCORDANCEThe Honorable President md Policc Jurorsuf Ule Poinlc Coupce Pmkh Policc JuryNew Roads, LouisianaWe have audited the bark fioiu~cial slaternen& oiihePointeCoupce Parish Police Jury (Police Jury) as ofandfor the year cnded Decembcr 31,2010: and have issued our report thereon dated Junc 29,201 1. We conductedour audit in accordance with audiling standards generally accepted in the United Slates ofAmerica and thestandards applicable to financial audits conlained in Government Aediting Smndords, issucd by theComptroller Gcneml orllre Uniled Slirles.internal C otOver Financial KeoortineIn pl.uming and performing our oudil, we considered the Police Jury's intcrnal control over financial reportingas a basis for designing our uuditing procedures for the purpose ofcxpressiug our opinion on tile fuancialshlements, but not far Ulc purpose of expressing an opinion on lhe effectiveness of Ure Police Jury's internalcontrol over financial reporting. Accordingly, we do not express an opinion on the effectiveness ofthe PoliceJury's iuternal control uvcr financial reporting.A drficiency in internal control exists wlrcn the desigo or operation ofa con~rol does not allowmanagcment oremployees, in the aormal course of pcrroming their assigned functions, to prevent, or detect and correctniisstalen~ents on a tirnely bais. A material iveainess is a deficicncy: or combination of deficiencies inirrlcrnal control such hat Ulere is a reaonable possibility that a matcrial missoternent ofthc entity's financialstatement5 will no! be prevented, or delcctcd and corrcctcd on a timely basis.Our consideration of Ule internal conbol over financial repolling was for the limited purpose dcscribcd in lIlefirst paragraph oi this scction and was not desipcd to identify all dcficiencics in ibe internal conbol overfirrancia1 reporling that might be dcficiencies, significant dcficiencics, or matcrial weaknesses. We did no1identify .my deliciencics in internal con~~ol over fmmcialreponingthat we considerto be material weaknesses,3s defined abovc. Howcvcr, we identified certain dcficiencies in internal control over finmcial reporting,described in the acconrparrying sclrcdule offindings and questioned cosls, noted as itcrns 2010-1, and 2010-2,that we consider to be significant deliciencics in internal control over financial reporting. A significantdeficiency is a deficiency, or a combination ordeliciencies, in internal control tlrat is less scvcrethana materialwcd-aess, yet importlnt enough to meril allention by those chnrged with governmce.--8550 United Plaza Blvd, Suite I001 Baton Rouge, LA 70809 . Tel: 225.922.4600 Fox: 225.922.461 1,: c>,2a.:. v>,>:~:

As pan ofobtaining reasonable assurance about whelhcr the financial stalemen& of the Policc Jury arc free ofmalerial rnisstatcment, wc performed lcsts of its compliance with cenain provisions of laws, replaiions,contracts, and gr;mt agreements, noncornplimcc with which could have a direct and malerial effect on thedetermination of financial statement mounts. Mowvcr, providing an opinion on compliance with thoseprovisions was not an objective ofour audit, m~d accordingly, wc do not cxpress such an opinion. The resuluof our tesk disclosed i~~stances of noncompliance or other matters that are required to bc reported underGoverr~menf Auditing Srandords ~d which arc described in the accompanying schcdulc of fidings andquestioned costs as items 2010-1 and 2010-2.The Police Jury's rcsponscs to lhc findings identified in our audit are described in he accompanyingschcduleoffindings and questioned costs. We did not audi~ the Policc Jury's responses and, accordingly, we express noopinion on them.This repon is intcndcd solely for h e information and use of management. the Police Jury, federal and shlcawasding agencies and pass-through cnlitics, and the Louisiana Legislative Auditor and is not intended lo beand should no1 be used by anyonc other thm these specified parties. However, under Louisiana RevisedStnrutc 24513, this report is disbibuted by the Legislative Auditor as a public document.Bnton Rouge, Louisianaluoe 29,201 1

POINTE COUPEE PARISH POLICE JURYSCHEDULE OF FmDLNCS AND QUESTIONED COSTSYEAR ENDED DECEMRER 31,2810A. Summary of Auditors' ResultsFinancial StalemenlsType of auditors' report issued: QualifiedMaterial weakness(es) identified? y e s - x noSignificant deficiency(ies) identified that arenot considered to be material weaknesses? x y e s - none reportedNoncompliance material to financialstatements noted? y e s - x no

POIN'I'E COUPEE PARISH POLICE JURYSCHEDULE OF FINDINGS AND OUESTlONED COSTSYEAR ENDED DECEMBER31,ZOlOB. Findings -Financial Reporting2010-1 Fund DeficitsCriteria:Condition:Cause:Effect:LSA-RS 39:1305 requites that expenditures not exceed funds available; that is,the current year's revenue combined with the beginning fund balance.As of December 31, 2010, the Police Jury incurred fund deficits in the SolidWaste Fund and Detention Ccntcr Fund of $129,122 and $542,453, respectively.The Police Jury has not monitored the budges of the respective funds and has notconstituted a strategy to eliminate the fund deficits.The Police Jury is not in compliance with the Louisiana budget law.Recommendation: During the budget proc&s, the Police Jury should review this fund and identify aplan for elimination of the fund deficits.Management'sResponse:In order to eliminafe the fund deficits, management will implement themonitoring of collections to enhance the jinancial position of the Solid WasteFund and appropriate rransferssfrom the General Fund to eliminate the deficit inthe Detention Center Fund2910-2Criteria:Condition:Cause:Effect:Violation of State Budeet LawLouisiana Reviscd Statute 39:1310 requires governments to amend general andspecial revenuc fund budgets when actual cxpcnditures plus expect&expenditures exceed budgeted amounts by 5% or more or when actual revenuesplus expected revenues will fall short of budgeted amounts by 5% or more.The Parishwide Drainage Fund's actual expenditures exceeded budgetedexpenditures by 25.2%. Roads and Bridges Fund's actual revenues fell short ofbudgeted revenues by 7.3%, and the Detention Center Fund's actual expendituresexceeded budgeted expenditures by 22.3%.The Police Jury did not properly monitor the budgets for the aforementionedFunds during the year.The Police Jury is nun-compliant with the Louisiana budget law.Recommendation: The Police Jury should amend the budgets in accordance with the statute.Additionally, the budgets should be monitored on a continual basis.Management'sResponse:Management will continuody monitor the actual revenue and expendiluresthroughout the year.

POINTE COUPEE PARISH POLICE JURYSUMMARY SCEEDULE OF PRIOR AUDIT FINDINGSao09-1Criteria:Condition:Cause:Effect:Fund DeficitsLSA-RS 39:1305 requires that expenditures not exceed funds available; that is,the current year's revenue combined with the beginning fund balance.As of December 31, 2009, the Police Jury incurred fund deficits in the SolidWaste Fhd of $73.302.The Police Jury did not properly monitor the Solid Waste Fund budget during theyear.The Police Jury is not in compliance with the Louisiana budget law.Recommendation: During the budget process, the Police Jury should review this fund and identify aplan for elimination of the fund deficit.Munagemen! 'sResponse:Current Status:In order to eliminate thefMd defcit, management will implement the monitoringof collections to enhance fhe/inancialposition ojthe Solid Waste Fmd.There remains a defcit in the Solid Waste Fmd at December 31, 2010. Seefinding 2010-1.2009-2 Ethics ViolationCriteria:Condition:Cause:Effect:LSA-RS 42: 11 12 prohibits the participation of a public servant in a transactioninvolving the governmental entity in which the public servant may have asubstantial economic interest.A Police Juror's company has a three year contract with the parish's WaterworksDistrict No. 2. After October 2008, the contract renewed automatically on a yearto year basis when neither the parish nor the Police Juror's company gave noticeof intent to withdraw from the contract.The Police Jumr may have committed and ethics violation due to his companyproviding professional services to the Police Jury.The Louisiana Ethic's Board suggested the Police Juror could not serve on thePolice Jury while his company does business with the parish.Recommendation: The Police Juror should resign from the Police Jury or have his companywithdraw from the contract.Management'sResponse:Current Status:Management will notrfy legal counsel for appropriate action.The Louisiana Ethic7.s Board has revisited lhis issue and has determined thereway no violation comrnined by the Police Juror. rhis finding is consideredresolved

POLNTE COUPEE PARISH POLICE JURYSUMMARY SCHEDULE OF PRIOR AUDIT FINDINGS20093Criteria.Condition:Cause:Effect:Recommendation:Management 'sResponse:Current Stahcr:- 2009-4Criteria:Condition:Violation of State Budget LawLouisiana Revised Statute 39: 13 10 requires governments to amend general andspecial revenue fund budgets when actual expenditures plus expectedexpenditures exceed budgeted amounts by 5% or more or when actual revenuesplus expected revenues will fall short of budgeted amounts by 5% or more.The Geneml Fund's actual revenues fell short of budgeted revenues by 7.5% andthe Parishwide Drainage Fund's actual revenues fell short of budgeted revenuesby 11.9%.The Police Jury did not properly monitor the budgets for the aforementionedFunds during the year.The Police Jury is non-compliant with the state budget law.The Police Jury should amend the budgets in accordance with the statute.Additionally, the budgets should be monitored on a continual basis.Management will continuously monitor the actual revenue and expendituresrhroughouf !he year.The finding has not been resohed and is repeated in the current year's scheduleofjndings and questioned costs. See finding 2010-2.Suvvension and DebarmentUnder the compliance provisions of OMB Circular A-133 ComplianceSupplement, a$ amended, an entity is prohibited from contracting with vendorsthat are suspended or debarred tiom conducting business with federal awardprograms. Under these provisions, and entity must certify that a vendor is notsuspended or debarred under transactions that are expected to equal or exceed$25,000. This verification may be accomplished by checking the ExcludedParties List System (EPLS) maintained by the General Services Administration(GSA), which can be accessed on the Internet (hnu://eols.arnet.eov).The Police Jury has not implemented procedures to document whether it hasverified the suspension and debarment status of its vendors in accordance withfederal regulations.Questioned Costs: NIAEffect: The Police Jury is in violation of the requirements of the OMB Circular A-133Compliance Supplement, as amended.Recommendation: Procedures should be implemented to document compliance with the suspensionand deharment provisions or the OMB Circular A-133 Compliance Supplement,as amended.1 02

POINTE COUPEE PARlSH POLICE JURYSUMMARY SCHEDULE OF PRIOR AUDIT FlNDJNGS2009-4 Susvension and Debarment (continued)Management kResponse:Current Status:Management will begin reviewing the EPLS website ond maintainingconfirmation of rhe listing review to adhere to thefederal requirement.Management has implemented formal procedures to document adherence tosmpension and debarment provisions of the OMB Circular A-133 ComplianceSupplement, as amended This finding is considered resolved

Schedule 1POINT COUPEE PARlSH POLICE JURYNew Roads, LouisianaSCHEDULE OF SUPPLE.MENTARY INFORMATIONSEWERAGE CUSTOMERSDecember 3 1,201 0(Without Audit)Records maintained by the Pointe Coupee Parish Police Jury indicatcd the number of residentialand commercial users for both water, natural gas, and sewer systems at December 31, 2010 were asfollows:Water District No. 1ResidentialCommercial1,28014Natural Gas SvstemResidentialCommercialSewer:ResidentialCornrncrcial3.87250District No. 1 District 3A Leaonnier Mandela199 66 58 352 -At December 3 I , the Town was charging a $22.00 comnlercial and a $10.00 residential base fee towater users. Additionally. commercial and residential water users were charged $1.75 and $2.50,respectively, for each thousand gallons consumed for water usage behveen two thousand and eightthousand gallons, and $1 SO for cach thousand gallons of watcr usage over eight thousand gallons forresidential user only. 'lhc Police Jury charges residential and commercial gas system users a $10.00 baserate. Commercial and rcsidcntial gas user charges. for each thousand RTUs of gas used, vary by monthbased on the current price of natural gas. Rates charged to sewer system users varies depending uponwhich system the user was connected to. All users (commercial and residential) of Scwer District No. 1were charged an $18.10 base fee, whereas users ol' Mandela, Legonnier, and Scwer District 3A werecharged $25.00, S 15.00, and $18.00, respectively as a base fee.At December 3 1: 2010, the aging of accounts receivable for the Enterprise Funds was as follows:Currenl $ 623,19131-60 days 37,37361-90 days 16,785Over 90 days 1,416,857

Schedule 2POINTE COUPEE PARISH POLICE JURYNew Roads, LouisianuSCHEDULE OF INSURANCE IN FORCEDecember 31. 2010Without Audit)Issuer Kind of lnsuranee Property CoveredIAddress 1nsur;mce Expirrtion DateI-UBA CasualtyInsurance Co.Workcr's CompcnsalionEligible rmpluyees 1,000.000 January 1. 201 1United Fire Group Comnlercial inland marine 39 various equipment items 2.482.626 July 30. 201 1Progressive Auto liability 47 vehicle and equipment items 1.000.000 March 17, 201 1L. Boumehaud Conlniercial property IAed properlyAgencyCommercial General LiabiliryPremises Ops, General4,955,838 June 8,201 12,000,000 March 12, 20 1 IProducts and completed ops 2,000.000 March 12. 201 lPersonal injury 1,000,000 March 12, 20 1 ICrimeEmployee theftForgery or alterationInside the premises -then of money & securitiesInside thc prcmises - rubbery or safe burglaryOutside the premisesCamputcr fraudMoney orders & counterfeit paper currency250,000 September 28.201 I250,000 September 28,201 125,000 Septenlber 18,201125,000 September 28,201 125,000 September 28.201 l250,000 September 28,201 125,000 Septenibcr 28, 201 1

TOTAL ASSETS* - PRIMARY GOVERNMENTPOINTE COUPEE PARISH POLICE JURYDECEMBER 31,201 0 DECEMBER 31,2009DGASH & INVESTMENTS RECEIVABLES CAPITAL ASSETSTOTAL ASSETS = $23,B@2,DQb

LIABILITIES & FUND EQUITY* - PRIMARY GOVERNMENTPOINTE COUPEE PARISH POLICE JURYDECEMBER 31,201 0 DECEMBER 31,2009EACCOJJFJTS PAYABLE & OTHER LIABILITIES DEBT .FUND FWiVTOTAL LIABILITIES = $6,111,000TOTAL EQUITY = $14,832,000*IN THOUSANDSTOTAL LIAEiIL1TIES = $8,453,000TOTAL EQUITY = $15,4139,0005-2

CASH & INVESTMENTS* - PRIMARY GOVERNMENTPOINT COUPEE PARISH POLICE JURY

REVENUES - FWMARY GOVERNMENTGOVERNMENTAL FUND TYPE ONLYPQINTE COUPEE PARlSH POLICE JURYEXPENDITURES - PRIMARY GOVERNMENTGOVERNMENTAL FUND TYPE ONLYPOINTE COUPEE PARISH PQLICE JURY

OPERATING REVENUES - B'USINESS-TYPE ACTlVlTlESPQINTE CQUPEE PARBH POLICE JURYOPERATING EXPENDITURES - BUSINESSTYPE ACTIVITIESPOI~TE COUPEE PARISH PQLIGE JURY

BUDGETAPPENDIX “D”


DEBT STATEMENTAPPENDIX “E”

STATEMENT OF DIRECT AND UNDERLYING BONDED DEBTAS OF NOVEMBER 2, 2011(The accompanying notes are an integral part of this statement)PrincipalFinalAmountInterest Dated Maturity Principal Due WithinNotes Name of Issuer & Issue Rates (%) Date Date Outstanding One Year(1) Direct Debt of the Parish of Pointe Coupee, State of Louisiana(2) Road Improvement Refunding Bonds, Series ST-2003 3.8 1/01/03 9/01/12 $ 615,000 $615,000(3) Sales Tax Bond, Series 1995A 5.25 5/01/95 5/01/26 484,806 26,303(3) Sales Tax Bond, Series 1995B 5.125 5/01/95 5/01/26 50,050 2,674(4) Certificates of Indebtedness, Series 2004 4.65-5.0 4/20/04 5/01/24 230,000 15,000(5) Underlying Debt of the Pointe Coupee Parish School Board, Louisiana(6) LCDA QZAB, Series 2001A 0.0 2/01/02 11/01/15 190,255 47,564(7) Taxable Revenue Bonds (QSCB), Series 2009 1.75 12/22/09 3/15/25 2,355,000 150,000(8) Underlying Debt of School District No. 10 of Pointe Coupee Parish, State of Louisiana(9) General Obligation School Refunding Bonds,Series 2005 3.45-4.05 5/01/05 4/01/20 2,020,000 170,000(10) Underlying Debt of Fire Protection District No. 1 of the Parish of Pointe Coupee, State of Louisiana(11) Certificates of Indebtedness, Series 2009 4.25 10/13/09 10/13/49 548,654 6,037(12) Underlying Debt of Fire Protection District No. 4 of the Parish of Pointe Coupee, Louisiana(11) Certificates of Indebtedness, Series 2007 5.891 10/12/07 6/01/12 17,051 17,051(13) Underlying Debt of Waterworks District No. 2 of the Parish of Pointe Coupee, Louisiana(14) Water Revenue Bonds (1989) 6.25 4/03/89 4/03/29 325,464 10,997(14) Water Revenue Bonds (1999) 4.5 7/01/99 7/01/39 481,007 9,236(14) Water Revenue Bonds (1999) 4.5 7/01/99 7/01/39 95,163 1,820(14) Water Revenue Bonds (2001) 4.5 6/07/01 6/07/41 313,706 5,214(14) Water Revenue Bonds (2005) 4.5 2/15/05 2/15/45 980,559 24,476(14) Bond Anticipation Notes (R-1) 2.693 5/09/11 5/09/12 1,640,000 1,640,000(14) Bond Anticipation Notes (R-2) 0 5/09/11 5/09/12 410,000 410,000(15) Underlying Debt of Sewer District No. 1 of the Parish of Pointe Coupee, Louisiana(9) General Obligation Bonds 5.0 8/18/78 8/18/18 236,239 29,324(14) Sewer Revenue Bonds 5.0 8/18/78 8/18/18 32,231 4,030(14) Sewer Revenue Bonds 4.5 6/01/00 5/01/40 137,424 2,440(16) Underlying Debt of Sewer District No. 3A of the Parish of Pointe Coupee, Louisiana(9) General Obligation Bonds 6.375 3/03/88 2/28/29 32,668 32,668(14) Sewer Revenue Bonds 6.375 3/03/88 2/29/29 11,969 417(17) Underlying Debt of Sewerage District No. 4 of the Parish of Pointe Coupee, State of Louisiana(14) Sewerage Bonds, Series 2008 R-1 4.375 3/13/08 3/13/48 351,925 4,059(14) Sewerage Bonds, Series 2008 R-2 4.375 3/13/08 3/13/48 459,075 5,295(14) Sewerage Bonds, Series 2008 R-3 4.125 3/13/08 3/13/48 435,077 5,277(18) Underlying Debt of the City of New Roads, State of Louisiana(14) Water and Sewer Revenue Refunding Bonds, Series 2001 4.875-5.375 11/01/01 7/01/17 1,255,000 185,000(14) Water and Sewer Revenue Bonds, Series 2011 0.45 6/09/11 6/01/31 1,000,000 45,000(14) Electric System Revenue Refunding Bonds, Series 2001 4.875-5.375 11/01/01 7/01/17 1,180,000 175,000(14) Electric System Revenue Bonds, Series 2007 4.1 5/01/07 7/01/17 490,000 75,000E-1

NOTES(1) The total 2010 assessed valuation of Parish of Pointe Coupee is approximately $378,868,615, of which approximately $340,208,064is taxable.(2) Payable solely from and secured by a pledge and dedication of the net avails or proceeds of a special one-half of one percent (1/2%)sales and use tax now being levied and collected by the Parish, pursuant to elections held on May 3, 1997 and November 2, 2010.(3) Secured and payable as to principal and interest on a parity with each other solely from a pledge and dedication of the avails or proceedsderived from the levy and collection of the Parish’s one percent (1%) parishwide sales and use tax originally authorized at an electionheld within the Issuer on March 13, 1965, and extended and further authorized by an election conducted September 29, 1984, assupplemented by an election held November 3, 1992.(4) Secured by and payable from (i) a pledge and dedication of the revenues of the issuer derived from the service or transaction fees leviedor to be levied by the governing authority for each service or transaction carried out in the operation of the Office of Motor Vehiclesin the Parish field office; and (ii) a pledge and dedication of the excess of annual revenues of the Issuer above statutory, necessary andusual charges in each of the fiscal years during which the obligations are outstanding.(5) The Parish School Board of the Parish of Pointe Coupee is parishwide and has the same assessed valuation as the Parish. See Note (1).(6) Payable from available funds of the school board.(7) Secured and payable from (i) the excess of revenues of subsequent years about the statutory, necessary and usual charges in each of thefiscal years during which the bonds are outstanding; and (ii) a pledge and dedication of the revenues received from the avails of aconstitutional local support tax.(8) The total 2010 assessed valuation of School District No. 10 of Pointe Coupee Parish is approximately $50,048,555, of whichapproximately $40,306,854 is taxable.(9) Secured by and payable from unlimited ad valorem taxation.(10) The total 2010 assessed valuation of Fire Protection District No. 1 of the Parish of Pointe Coupee is approximately $32,090,090, ofwhich approximately $29,034,860 is taxable.(11) Secured by and payable solely from an irrevocable 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 certificates are outstanding.(12) The total 2010 assessed valuation of Fire Protection District No. 4 of the Parish of Pointe Coupee is approximately $59,237,239, ofwhich approximately $49,364,938 is taxable.(13) Waterworks District No. 2 of the Parish of Pointe Coupee is generally located outside the boundaries of Waterworks District No. 1 andexcludes the municipalities of Morganza, Fordoche and Livonia. The District levied no ad valorem taxes in 2010.(14) Payable as to both principal and interest solely from the income and revenues derived or to be derived from the operation of the utilitysystem of the issuer, after provision has been made for the payment therefrom of the reasonable and necessary expenses of operatingand maintaining the utility system.(15) The total 2010 assessed valuation of Sewer District No. 1 of the Parish of Pointe Coupee is approximately $4,541,360, of whichapproximately $2,571,895 is taxable.(16) The total 2010 assessed valuation of Sewer District No. 3A of the Parish of Pointe Coupee is approximately $582,360, of whichapproximately $177,420 is taxable.(17) Sewerage District No. 4 of the Parish of Pointe Coupee levied no ad valorem taxes in 2010.(18) The total 2010 assessed valuation of the City of New Roads is approximately $42,620,139, all which is taxable for municipal purposes.(The above statement excludes certain pollution control revenue bonds of the Parish, and the bonded indebtedness of the Pointe Coupee IndustrialDevelopment District, Hospital Service District No. 1 and all operating and capital leases.)E-2


ESTIMATED ANNUAL DEBT SERVICE REQUIREMENTSAPPENDIX “F”


ESTIMATED ANNUAL DEBT SERVICE REQUIREMENTS ON OUTSTANDING DEBTAND SALES TAX BONDS (ROAD IMPROVEMENT), SERIES 2011, OFPARISH OF POINTE COUPEE, STATE OF LOUISIANAOUTSTANDING BONDS (a) SERIES 2011 BONDS (b) ESTIMATED TOTAL REQUIREMENTSBOND (9/1) (3/1; 9/1)YEAR PRINCIPAL INTEREST TOTAL PRINCIPAL INTEREST TOTAL PRINCIPAL INTEREST TOTAL2012 615,000.00 23,370.00 638,370.00 0.00 208,000.00 208,000.00 615,000.00 231,370.00 846,370.002013 345,000.00 292,500.00 637,500.00 345,000.00 292,500.00 637,500.002014 360,000.00 276,975.00 636,975.00 360,000.00 276,975.00 636,975.002015 375,000.00 260,775.00 635,775.00 375,000.00 260,775.00 635,775.002016 390,000.00 243,900.00 633,900.00 390,000.00 243,900.00 633,900.002017 410,000.00 226,350.00 636,350.00 410,000.00 226,350.00 636,350.002018 430,000.00 207,900.00 637,900.00 430,000.00 207,900.00 637,900.002019 445,000.00 188,550.00 633,550.00 445,000.00 188,550.00 633,550.002020 465,000.00 168,525.00 633,525.00 465,000.00 168,525.00 633,525.002021 490,000.00 147,600.00 637,600.00 490,000.00 147,600.00 637,600.002022 510,000.00 125,550.00 635,550.00 510,000.00 125,550.00 635,550.002023 535,000.00 102,600.00 637,600.00 535,000.00 102,600.00 637,600.002024 555,000.00 78,525.00 633,525.00 555,000.00 78,525.00 633,525.002025 580,000.00 53,550.00 633,550.00 580,000.00 53,550.00 633,550.002026 610,000.00 27,450.00 637,450.00 610,000.00 27,450.00 637,450.00TOTALS 615,000.00 23,370.00 638,370.00 6,500,000.00 2,608,750.00 9,108,750.00 7,115,000.00 2,632,120.00 9,747,120.00(a) Outstanding: Road Improvement Refunding Bonds, Series ST-2003.(b) Net Interest Cost of 4.50 %. Dated 12/15/2011.


APPENDIX “G”FORM OF LEGAL OPINIONOFFOLEY & JUDELL, L.L.P.


(FORM OF LEGAL OPINION)Honorable Parish Police JuryParish of Pointe Coupee, State of LouisianaNew Roads, Louisiana$6,500,000SALES TAX BONDS (ROAD IMPROVEMENT), SERIES 2011OF THEPARISH OF POINTE COUPEE, STATE OF LOUISIANAWe have acted as bond counsel to the Parish of Pointe Coupee, State of Louisiana (the “Issuer”), inconnection with the issuance of the captioned bonds (the “Bonds”). The Bonds are issued in fullyregistered form, are dated, bear interest at the rates, are subject to redemption, and mature on the datesand in the principal amounts as set forth in the Bond Ordinance (hereinafter defined).The Bonds have been issued by the Issuer pursuant to an ordinance adopted by its governing authorityon November _____, 2011 (the “Bond Ordinance”), for the purpose of constructing, improving andresurfacing public roads and bridges in said Issuer including incidental drainage and acquiring equipment,and paying the costs of issuance of the Bonds, under the authority conferred by Sub-Part F, Part III,Chapter 4 of Title 39 of the Louisiana Revised Statutes of 1950, as amended (the “Act”), and otherconstitutional and statutory authority.The Issuer, in and by the Bond Ordinance, has also entered into certain covenants and agreementswith the owners of the Bonds with respect to the security and payment of the Bonds, including a provisionfor the issuance of pari passu obligations hereafter under certain conditions and restrictions, for theterms of which reference is made to the Bond Ordinance.We have examined the provisions of the Constitution and statutes of the State of Louisiana, a certifiedtranscript of the proceedings 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 representations containedin the Bond Ordinance and in the certified proceedings and other certifications of public officials andothers 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 underexisting law, that:1. Said proceedings, documents and proofs show lawful authority for the issuanceof the Bonds pursuant to said Constitution and statutes and the Bond Ordinance.G-1

2. The Bonds are valid and binding special and limited obligations of the Issuer andare payable solely from and secured by, equally with the Issuer’s outstanding Road ImprovementRefunding Bonds, Series 2003 (the “Outstanding Parity Bonds”), by an irrevocable pledge and dedicationof the Issuer's one-half of one percent (1/2%) sales and use tax (the “Tax”) being levied and collectedby the Issuer, pursuant to an election held in the Issuer on May 3, 1997 and renewed on November2, 2010, subject only to the prior payment of the reasonable and necessary costs and expenses of collectingand administering the Tax.3. The Bonds have been issued on a complete parity in all respects with the OutstandingParity Bonds and rank equally with and enjoy complete parity of lien on the Tax with the OutstandingParity Bonds, and the lien of the owners of the Bonds and the owners of the Outstanding Parity Bondson the Tax will be prior and superior to the lien on such Tax of any obligations hereafter issued andpayable therefrom except pari passu additional obligations hereafter issued within the terms, limitationsand restrictions contained in the Bond Ordinance and the ordinances authorizing the issuance of theOutstanding Parity Bonds.4. The Issuer, in and by the Bond Ordinance, has lawfully covenanted and is legallyobligated to continue to levy and collect the Tax for the full period of its authorization and is furtherobligated not to discontinue or decrease or permit to be discontinued or decreased the Tax in anticipationof the collection of which the Bonds have been issued, nor in any way make any change which woulddiminish the amount of the Tax, as defined in the Bond Ordinance, pledged to the payment of theBonds, until all of the Bonds and Outstanding Parity Bonds payable therefrom shall have been paidin principal and interest.5. Interest on the Bonds is excluded from gross income for federal income tax purposesand is not an item of tax preference for purposes of the federal alternative minimum tax imposed onindividuals and corporations; it should be noted, however, that for the purpose of computing the alternativeminimum tax imposed on certain corporations, such interest is taken into account in determining adjustedcurrent earnings.6. Under the Act, the Bonds and the interest thereon are exempt from all taxation inthe State of Louisiana.7. The Bonds are “qualified tax-exempt obligations” within the meaning of Section265(b)(3)(B) of the Internal Revenue Code of 1986 (the “Code”).In rendering the opinions expressed in numbered paragraphs 5 and 7 above, we have relied onrepresentations of the Issuer with respect to questions of fact material to our opinion without undertakingto verify the same by independent investigation, and have assumed continuing compliance with covenantsin the Bond Ordinance pertaining to those sections of the Code, as amended, which affect the exclusionfrom gross income of interest on the Bonds for federal income tax purposes. In the event that suchrepresentations are determined to be inaccurate or incomplete or the Issuer fails to comply with theG-2

foregoing covenants in the Bond Ordinance, interest on the Bonds could become included in grossincome from the date of original delivery, regardless of the date on which the event causing such inclusionoccurs.Except as stated above, we express no opinion as to any federal, state or local tax consequences resultingfrom 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 Bondsand the Bond Ordinance may be subject to bankruptcy, insolvency, reorganization, moratorium andother similar laws affecting creditors' rights heretofore or hereafter enacted to the extent constitutionallyapplicable, and that their enforceability may also be subject to the exercise of the sovereign policepowers of the State of Louisiana, or its governmental bodies, and the exercise of judicial discretionin appropriate cases.Respectfully submitted,G-3


FORM OF CONTINUING DISCLOSURE CERTIFICATEAPPENDIX “H”


CONTINUING DISCLOSURE CERTIFICATE$6,500,000SALES TAX BONDS (ROAD IMPROVEMENT), SERIES 2011OF THEPARISH OF POINTE COUPEE, STATE OF LOUISIANAThis Continuing Disclosure Certificate (the “Disclosure Certificate”) is executed and deliveredby the Parish of Pointe Coupee, State of Louisiana (the “Issuer”), acting through the Parish Administratorof its governing authority, the Pointe Coupee Parish Police Jury, State of Louisiana, in connectionwith the issuance of the above captioned issue of $6,500,000 Sales Tax Bonds (Road Improvement),Series 2011 (the “Bonds”). The Bonds are being issued pursuant to a ordinance adopted by the governingauthority of the Issuer on November _____, 2011 (the “Ordinance”), and are described in that certainOfficial Statement dated November _____, 2011 (the “Official Statement”), which contains certaininformation concerning the Issuer, the Bonds and certain financial and other information relatingthereto. The Issuer covenants and agrees as follows:SECTION 1. Definitions. In addition to the definitions set forth in the Ordinance, which applyto 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 asdescribed in, Sections 3 and 4 of this Disclosure Certificate.“Dissemination Agent” shall mean the Parish Administrator of the Governing Authority,or any successor Dissemination Agent designated by the Issuer, whose mailing address is Pointe CoupeeParish Police Jury, P.O. Box 290, New Roads, Louisiana 70760.“Governing Authority” shall mean the Pointe Coupee Parish Police Jury, 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 designatedby the Securities and Exchange Commission as the single centralized repository for the collectionand availability of continuing disclosure documents for purposes of the Rule. The continuing disclosuredocuments must be provided to the MSRB in portable document format (PDF) to the following:Municipal Securities Rulemaking BoardElectronic Municipal Market Access Centerhttp://emma.msrb.org“Official Statement” shall mean the Official Statement with respect to the Bonds and theIssuer dated November _____, 2011.“Ordinance” shall mean the ordinance authorizing the issuance of the Bonds, identified inthe first paragraph of this Disclosure Certificate.H-1

“Participating Underwriter” shall mean 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.“Rule” shall mean Rule 15c2-12 (b) (5) adopted by the Securities and Exchange Commissionunder 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 designatedby the State of Louisiana as a state depository for the purpose of the Rule. As of the date of thisDisclosure Certificate, there is no State Information Depository.SECTION 2. Purpose of the Disclosure Certificate. This Disclosure Certificate is being executedand delivered by the Issuer for the benefit of the owners of the Bonds, including owners of beneficialinterests in the Bonds, and the Participating Underwriter, and in order to assist the ParticipatingUnderwriter in complying with the Rule.SECTION 3. Provision of Annual Reports.(a)(b)(c)The Issuer shall, or shall cause the Dissemination Agent to, in each year no later thansix (6) months from the end of the Issuer's first fiscal year ending after issuance ofthe Bonds, with the first such report to be due not later than December 31, 2012, provideto the Repositories, an Annual Report which is consistent with the requirements setforth below. The Annual Report may be submitted as a single document or as separatedocuments comprising a package, and may cross-reference other information as setforth below; provided that the audited financial statements of the Issuer and the Boardmay be submitted separately from the balance of the Annual Report.If the Dissemination Agent is unable to provide to the Repositories an Annual Reportby the date required in (a) above, the Issuer shall send a Notice of Failure to File AnnualReport to each of the Repositories, in substantially the form attached as Exhibit A.The Dissemination Agent shall determine each year prior to the date for providingthe Annual Report the name and address of each of the Repositories.SECTION 4. Content of Annual Reports. The Annual Report shall contain or incorporateby reference the following:1. Audited financial statements for the preceding fiscal year. If the Issuer's audited financialstatements are not available by the time the Annual Report is required to be filed pursuantto Section 3(a), the Annual Report shall contain unaudited financial statements in aformat 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 AnnualReport when they become available.2. Basis of accounting used by the Issuer in reporting their financial statements. TheIssuer follows GAAP principles and mandated Louisiana statutory accountingrequirements as in effect from time to time. In the event of any material change insuch requirements the impact of such changes will be described in the Annual Reportof the year such change occurs.H-2

3. The information contained in the Official Statement under the heading “INFORMATIONRELATING TO THE SALES AND USE TAX SECURING THE PAYMENT OFTHE BONDS AND THE OUTSTANDING PARITY BONDS - Comparative MonthlySales Tax Collections and Sales Tax Dealers,” to the extent such information remainsavailable to the public pursuant to the laws of the State of Louisiana.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 beensubmitted to each of the Repositories or the Securities and Exchange Commission. If the documentincorporated 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 noticesof the occurrence of any of the following Listed Events with respect to the Bonds:(i)(ii)(iii)(iv)(v)(vi)(vii)(viii)(ix)(x)(xi)(xii)(xiii)(xiv)Principal and interest payment delinquencies;Non-payment related defaults, if material;Unscheduled draws on debt service reserves reflecting financial difficulties;Unscheduled draws on credit enhancements reflecting financial difficulties;Substitution of credit or liquidity providers, or their failure to perform;Adverse tax opinions, the issuance by the Internal Revenue Service of proposed orfinal 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;Modifications to rights of Bondholders, if material;Bond calls, if material, and tender offers;Defeasances;Release, substitution, or sale of property securing repayment of the Bonds, if material;Rating changes;Bankruptcy, insolvency, receivership or similar event of the Issuer;The consummation of a merger, consolidation, or acquisition involving an Issuer orthe sale of all or substantially all of the assets of the Issuer, other than in the ordinarycourse of business, the entry into a definitive agreement to undertake such an actionor the termination of a definitive agreement relating to any such actions, other thanpursuant to its terms, if material; orAppointment of a successor or additional trustee or the change of name of a trustee,if material.(b) Whenever the Issuer obtains knowledge of the occurrence of a Listed Event, the Issuershall direct the Dissemination Agent as soon as possible, but in no event more than ten business daysafter the occurrence of the event, to file a notice of such occurrence with the MSRB and with anyState Information Depository.SECTION 6. Management Discussion of Items Disclosed. If an item required to be disclosedas part of the Annual Report or the Listed Events would be misleading without discussion, the Issuershall additionally provide a statement clarifying the disclosure in order that the statement made willnot be misleading in light of the circumstances in which it is made.H-3

SECTION 7. Termination of Reporting Obligation. The obligations of the Issuer under thisDisclosure Certificate shall terminate upon the defeasance, prior redemption or payment in full ofall of the Bonds.SECTION 8. Dissemination Agent. The Issuer may, from time to time, appoint or engagea successor Dissemination Agent to assist it in carrying out its obligations under this DisclosureCertificate, and may discharge any such Dissemination Agent, with or without appointing a successorDissemination Agent.SECTION 9. Amendment; Waiver. Notwithstanding any other provision of this DisclosureCertificate, the Issuer may amend this Disclosure Certificate, and any provision of this DisclosureCertificate may be waived, if:(a)(b)(c)The amendment or waiver is made in connection with a change in circumstances thatarises 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;This Disclosure Certificate, as amended, or the provision, as waived, would havecomplied with the requirements of the Rule at the time of the primary offering, aftertaking into account any amendments or interpretations of the Rule, as well as any changein circumstances; andThe amendment or waiver does not materially impair the interests of the beneficialowners of the Bonds, as determined either by an opinion of a nationally recognizedbond counsel or by approving vote of the holders of the Bonds pursuant to the termsof the Ordinance at the time of the amendment.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 shallinclude, as applicable, a narrative explanation of the reason for the amendment or waiver and its impacton the type (or in the case of change of accounting principles, on the presentation) of financial informationor operating data being presented by or in respect of the Issuer.SECTION 10. Additional Information. Nothing in this Disclosure Certificate shall be deemedto prevent the Issuer from disseminating any other information, using the means of disseminationset forth in this Disclosure Certificate or any other means of communication, or including any otherinformation in any Annual Report or notice of occurrence of a Listed Event, in addition to that whichis required by this Disclosure Certificate. If the Issuer chooses to include any information in anyAnnual Report or notice of occurrence of a Listed Event in addition to that which is specifically requiredby this Disclosure Certificate, the Issuer shall not have any obligation under this Disclosure Certificateto update such information or include it in any future Annual Report or notice of occurrence of a ListedEvent.SECTION 11. Default. In the event of a failure of the Issuer to comply with any provisionof this Disclosure Certificate any Bond owner (including any owner of a beneficial interest in theBonds) 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 underthis Disclosure Certificate shall not be deemed an event of default under the Ordinance, and the soleremedy under this Disclosure Certificate in the event of any failure of the Issuer to comply with thisDisclosure Certificate shall be an action to compel performance.H-4

SECTION 12. Beneficiaries. This Disclosure Certificate shall inure solely to the benefit ofthe Issuer, the Dissemination Agent, the Participating Underwriter and owners (including any ownerof a beneficial interest in the Bonds) from time to time of the Bonds, and shall create no rights in anyother person or entity.SECTION 13. Other Stipulations. Any document submitted to the MSRB pursuant to thisDisclosure 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 Certificateon this, the ______ day of December, 2011.PARISH OF POINTE COUPEE,STATE OF LOUISIANABy:Parish AdministratorH-5

EXHIBIT Ato Continuing Disclosure CertificateNOTICE TO REPOSITORIES OF FAILURE TO FILE ANNUAL REPORTName of Issuer: Parish of Pointe Coupee, State of LouisianaName of Bond Issue: $6,500,000 Sales Tax Bonds (Road Improvement), Series 2011Date of Issuance: December _____, 2011NOTICE IS HEREBY GIVEN that the Issuer has not provided an Annual Report as required bythe ordinance authorizing the above-described bonds. The Issuer anticipates that its Annual Reportwill be filed by _______________.Date: ______________.PARISH OF POINTE COUPEESTATE OF LOUISIANABy:H-6

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