LPSS Budget Workshop 04/18/02

LPSS Budget Workshop 04/18/02

Figure A CUSTODIAL POSITIONS Permanent Positions vs. Using Long Term Substitutes Item # School # L/T Subs # Current FTE Recommended FTE Staffing Recommended FTE Additions Annual Rate of Pay + 43% Benefits Financial Impact for Additions 1. Acadian Middle 1.0 3.0 4.0 +1 $12,688.00 $5,455.84 $18,143.84 2. Career Center 1.0 2.0 3.0 +1 $12,688.00 $5,455.84 $18,143.84 3. Charter High @ LeRosen 0.5 1.0 2.0 +1 $12,688.00 $5,455.84 $18,143.84 4. PPG Warehouse 0.5 0.0 1.0 +.5 * $6,344.00 $2,727.92

$9,071.92 5. Duson Elementary 0.5 1.0 2.0 +1 $12,688.00 $5,455.84 $18,143.84 6. J. W. Faulk Elementary 1.0 3.0 4.0 +1 $12,688.00 $5,455.84 $18,143.84 7. E. J. Gallet Elementary 1.0 3.0 4.0 +1 $12,688.00 $5,455.84 $18,143.84 8. Live Oak Elementary 1.0 3.0 4.0 +1 $12,688.00 $5,455.84 $18,143.84 9. S. J. Montgomery 1.0 3.0 4.0 +1 $12,688.00 $5,455.84 $18,143.84 10. N. P. Moss Middle 1.0 3.5

5.0 +1 $12,688.00 $5,455.84 $18,143.84 11. N. P. Moss Middle 0.5 +.5 $6,344.00 $2,727.92 $9,071.92 12. N. P. Moss Middle 1.0 0 $0.00 $0.00 $0.00 10.0 $126,880.00 $54,558.40 $181,438.40 10.0 Discontinue 22.5 * Solomon= s Head Custodian I Position (1.0 FTE) same pay grade. ** Note: Requesting this position to become Warehouse Worker II Position on **Recommended .5 FTE will replace current Substitute Custodial Position at Hippy & NEST at Himbola and Lafayette Regional. Annually $100,528 is budgeted in the Custodial Substitute Account for payroll expense for the 10 long-term substitutes. ADDITIONAL BUDGET IMPACT WITH MAXIMUM BENEFITS IS ($181,438.40 - $100,528.00 = $80,910.40) Figure B ANNUAL FINANCIAL EXPENSE Long-Term Substitutes FY 01/02 Item # School FTE (Subs) Hourly Rate of Pay # Hours per Day Amount per Day 244 Days per Year 1. Acadian Middle 1.0 $5.15 8 $41.20 $10,052.80

2. Career Center 1.0 $5.15 8 $41.20 $10,052.80 3. Charter High @ LeRosen 0.5 $5.15 4 $20.60 $5,026.40 4. PPG Warehouse 0.5 $5.15 4 $20.60 $5,026.40 5. Duson Elementary 0.5 $5.15 4 $20.60 $5,026.40 6. J. W. Faulk Elementary 1.0 $5.15 8 $41.20 $10,052.80 7. E. J. Gallet Elementary 1.0 $5.15 8 $41.20 $10,052.80 8. Live Oak Elementary 1.0 $5.15 8 $41.20 $10,052.80 9.

S. J. Montgomery 1.0 $5.15 8 $41.20 $10,052.80 10. N. P. Moss Middle 1.0 $5.15 8 $41.20 $10,052.80 11. N. P. Moss Middle 1.0 $5.15 8 $41.20 $10,052.80 12. N. P. Moss Middle 0.5 $5.15 4 $20.60 $5,026.40 $412.00 $100,528.00 10.0 ADDITIONAL RECOMMENDATIONS A minimum of 2.0 Custodial Positions are recommended at each school site. The following school sites currently have less than 2.0 FTE Custodial Positions: School L. Leo Judice LeRosen Site Myrtle Place Elem. Total FTE 1.5 1.0 1.5 4.0 Recommendation 2.0 2.0 2.0 6.0 Addtl 0.5 1.0 0.5 2.0 IMPACT # FTE 1.0 0.5 0.5 2.0 Salary Expense Benefits $12,688.00 $5,455.84 $ 6,344.00 $ 472.62 $ 6,344.00

$ 472.62 $25,376.00 $6,401.08 % Benefits 43% 7.45% 7.45% Total Budget Impact $18,143.84 $ 6,816.62 $ 6,816.62 $31,777.08 LPSB Capital Improvement Fund 2002/2003 Proposed Budget Revised 5/28/02 Requested Recommended Notes Revenue: Projected Fund Balance @ 6/30/2002 Sales Tax Revenue Interest Income Rent, Leases & Royalties Transfer from Debt Service Fund Total Revenues $ 20,604 $ 575,000 70,000 34,748 500,000 20,604 (1) 575,000 70,000 34,748 500,000 $ 1,200,352 $ 1,200,352 $ 8,668,908 $ 1,140,615 Total Expenditures $ 8,668,908 $ 1,140,615 Projected Fund Balance @ 6/30/2003 $ (7,468,556) $ 59,737 Expenditures: See Schedule 1 Note (1) The proposed budget has been prepared under the assumption that all funds appropriated through 2001/02 will be expended by June 30, 2002. Any carry-over funding will be addressed at a later date once that determination has been made. LPSB Capital Improvement Fund 2002/2003 Schedule 1 All Departments Proposed Budget Revised 5/28/02 Portable Building Lease Payments $ Other Portable Costs Portable Building Relocation Adult Ed - (1) Double classroom portable building Computer Services

AS/400 - Maintain performance standards Hardware Upgrades AS/400 - Optical Archival/Retrieval Sub-System Maintenance Department Operations Division (See Schedule 2) Physical Plant & Grounds Division ( See Schedule 2) Transportation Department 14 Regular Ed and 10 Special Ed Buses Communication Devices(cell phones/Radio) for all buses Zepco ZTR On-Board Trip recorders (100) Band Uniform Replacement, Northside High Computer Lab Upgrade, Technology Department Vocational Department Business Application Lab, High School Industrial Technology Lab, High School Industrial Technology Lab, Middle School Family & Consumer Science Programs, Middle School Alternative Education Presentation Systems, Middle School Finance Department Computer Software/Hardware Updates and Replacements Human Resources Embossing Machine for Substitute Cards Planning & Facilities, (See Schedule 3) Replacement of Piano Lab/L.J. Alleman Arts Academy Computer Science Lab, Comeaux High Physical Education Department Volleyball Net Systems, High School Lockers, Girls Athletics - Carencro & Comeaux High School Other Requests - (Schedule 4) Audit Fees Total Expenditures A - Putting on a possible short to medium term financing list B - Putting on possible long-term bond issue list Requested 416,000 20,000 100,000 23,550 $ 10,240 33,040 33,651 Recommended 416,000 0 50,000 22,560 0 0 0 826,500 259,500 B 1,404,000 138,600 169,993 70,000 36,877 A 129,500 85,648 0 0 0 0 130,000 40,000 25,000 36,000 18,000 70,000 30,000 15,000 20,000 10,000 10,000 5,000 7,000 3,164,000 36,000 66,440 13,050 123,467 1,453,000

5,000 $ 8,668,908 B 7,000 49,000 36,000 66,440 0 123,467 B 5,000 $ 1,140,615 LPSB CAPITAL IMPROVEMENT FUND 2002/2003 Schedule 2 Maintenance/All Divisions, Department Projects Revised 5/28/02 Requested Recommended Operations Division School-Site Projects: (1) Metal Storage Building, Myrtle Place Elementary $ 20,000 Press Box for Baseball Stadium/NHS 35,000 Stadium Light Rewiring 50,000 $ 0 0 0 Electrical Upgrade Assessment Study 100,000 B Chiller Replacements (4), Westside & Paul Breaux 220,000 E HVAC Upgrades, Vermillion Elem. 45,000 0 Drainage Project - G. T. Lindon Elementary 30,000 30,000 Fire Alarm Upgrade - Parish Wide 50,000 50,000 Water heater replacement, Carencro High 30,000 30,000 30,000 10,000 9,000 4,500 13,500 5,000 (1) 3/4 ton 4 X 4 truck, Electrical Department

25,000 0 (1) 3/4 ton van, Electrical Department 25,000 0 (1) 1 ton van, Locksmith Department 25,000 0 (1) 3/4 ton truck, Carpentry Dept. 25,000 0 (1) 1 ton van, Painting Department 19,000 0 (1) 3/4 ton truck, HVAC Department 25,000 0 (1) 1 ton pickup, Plumbing Department 25,000 0 (1) 3/4 ton 4 X 4 pickup truck, Auto Mechanic 25,000 Auto Bus Fleet Projects: (3) School Bus Engines (2) School Bus Transmissions (3) Wheel Chair Lifts Maintenance Department Projects: Total Operations 0 $ 826,500 $ 129,500 $ 12,832 $ 12,832 Physical Plant & Grounds Division (1) 1/2 ton truck - Coordinator (30) Upright Vacuum Cleaners 10,000 (10) 20" Floor Scrubbing Machines 16,500 0 (10) 20" Floor Burnishers 18,000 6,500 (20) Push-Type Mowers 12,000 6,000 (5) Zero-Turn Mowers 32,055 12,822

(8) 25 Horsepower Kohler Engines 10,600 10,600 (8) Gravely Mower Deck Assemblies 11,200 9,894 19,333 10,000 (220) Floor Mats Entrance/Exit (4) Lawn Tractors Excel Hustler Type 5,000 49,980 0 12,000 12,000 (1) Tractor/Front End Loader 25,000 0 (1) PPG/Warehouse Loading Dock 10,000 0 (1) PPG/Warehouse Storage 20,000 (20) Gravely PTO Clutch Assembly 0 Total Physical Plant & Grounds $ 259,500 $ 85,648 Grand Total, All Divisions $ 1,086,000 $ 215,148 B - Putting on possible long-term bond issue list E - Putting on possible State Energy Bond issue list LPSB Capital Improvement Fund 2002/2003 Schedule 3 Planning & Facilities Department Projects Revised 5/28/02 Requested Recommended School-Site Projects: Prarie Elementary - Rear Entrance Bus Drive & Coulee Crossing Prarie Elementary - Box Culverts at Coulee to regain playground Carencro High - Replace (2) Air Handler Units in Clrm Bldg. Martin Middle - Replace Pipe Insulation on 4-pipe HVAC System Faulk Elementary - Replace Pipe Insulation on 4-pipe HVAC System Montgomery Elem - Replace Pipe Insulation on 4-pipe HVAC System Judice Middle - Replace Pipe Insulation on 4-pipe HVAC System Alleman Middle - Replace Pipe Insulation on 4-pipe HVAC System Broussard Middle - Hot Water Heating Piping Renovations Judice Middle - Replace Fire Alarm & Intercom System Broussard Middle - Replace Fire Alarm & Intercom System L. Leo Judice - Replace Fire Alarm & Intercom System Lafayette High - New Mechanized Bleachers Fire Sprinkler System Monitoring @ 14 schools Fire Sprinkler System Inspections @ 14 schools Fire Sprinkler System Inspections @ 4 Schools

Total - Planning & Facilities B - Putting on possible long-term bond issue list E - Putting on possible State Energy Bond issue list $ 600,000 400,000 250,000 225,000 225,000 225,000 65,000 225,000 75,000 175,000 150,000 100,000 400,000 19,000 24,000 6,000 $ 3,164,000 B B B E E E E E B B B B B 19,000 24,000 6,000 $ 49,000 LPSB Capital Improvement Fund 2002/2003 Other Requests Schedule 4 Revised 5/28/02 Requested Concession stand at baseball/softball field - Comeaux High New bleachers in girls gym - Comeaux High Concession stand under football stadium - Comeaux High New lockers - Comeaux High Resurfacing of track - Comeaux High Portable building for science program - Milton Elem. Telephone system switch Hallway building 7-2 - upstairs - Carencro High Parking Lot - Carencro High Blacktop - building 7 - to stadium - Carencro High B - Putting on possible long-term bond issue list $ 35,000 75,000 100,000 200,000 400,000 50,000 168,000 200,000 100,000 125,000 $ 1,453,000 Recommended B B B B B B B B B B Lafayette Parish School System Act 338 of 2001 - Continued Sabbatical Calculation Fiscal Year

1997-1998 1998-1999 1999-2000 Total Avg Sabbatical Pay for Previous 3 Yrs 2000-2001 Amount Due to be Paid Out Sabbatical Pay $ 636,755.15 477,068.72 273,730.26 $ 1,387,554.13 $ 462,518.04 $ 174,593.18 $ 287,924.86 2000-2001 costs for Sabbatical pay were $174,593.18 less than the average cost of Sabbatical pay for the previous 3 years. A payment is due to eligible teachers. Lafayette Parish School System Act 338 of 2001 - Continued Gayle Pay Required Calculations Fiscal Year Extended Sick Pay 1997-1998 1998-1999 1999-2000 $ 207,121 Gayle Pay (Old Method) 216,958 Gayle Pay (Old Method) 358,740 Greene Pay (New Method) $ 782,819 $ 260,940 $ 467,729 Greene Pay (New Method) Total Avg. Ext. Sick Pay for Previous 3 Years 2000-2001 Excess Cost of Extended Sick Leave $ (206,790) 2000-2001 costs for Greene Pay (Act 1341) were $206,789.73 more than the average cost of Extended Sick pay for the previous 3 years. No Payment is due by the system. Lafayette Parish School System Schedule Of Projected Net Sales Tax Revenues FY 2002 - 2003 1965 (1%) Sales Tax Collection Month -AProjected / Actual Net Revenue FY 2001 - 2002 -BOriginal Projected Net Revenue FY 2002 - 2003 -CRevised Projected Net Revenue FY 2002 - 2003 Difference C - B

Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun $ 3,163,782 3,091,646 2,954,655 2,945,335 3,027,008 2,898,087 3,944,554 2,742,164 2,727,259 3,049,756 2,907,013 3,125,641 $ 3,231,389 3,157,711 3,017,793 3,008,274 3,091,692 2,960,016 4,028,845 2,800,761 2,785,538 3,114,926 2,969,133 3,192,434 $ 3,179,601 3,107,104 2,969,428 2,960,062 3,042,143 2,912,577 3,964,277 2,755,875 2,740,895 3,065,005 2,921,548 3,141,269 $ (51,788) (50,607) (48,365) (48,212) (49,549) (47,439) (64,568) (44,886) (44,643) (49,921) (47,585) (51,165) TOTAL $ 36,576,900 $ 37,358,512 $ 36,759,785 $ (598,728) Distribution of Net Revenue: $ $ $ $ 26,209,887 9,556,639 575,000

418,259 General Fund Bond Sinking Capital Improvement Minor Repairs $ 36,759,785 Total NOTE: The projected net revenues for FY 2002 - 2003 are estimated to be .5% over the projected/actual net revenues for FY 2001 - 2002. The difference column reflects the difference between the original projection and the revised projection. Lafayette Parish School System Schedule Of Projected Net Sales Tax Revenues FY 2002 - 2003 1988 (1/2%) SALES TAX -A- -B- -C- Actual / Projected Original Projected Revised Projected Collection Net Revenue Net Revenue Net Revenue Difference Month FY 2001 - 2002 FY 2002 - 2003 FY 2002 - 2003 C - B Jul $ 1,429,571 $ 1,463,689 $ 1,436,719 $ (26,970) Aug 1,385,279 1,418,380 1,392,205 (26,175) Sep 1,313,305 1,344,580 1,319,872 (24,708) Oct 1,317,442 1,348,884 1,324,029

(24,855) Nov 1,346,611 1,378,749 1,353,344 (25,405) Dec 1,320,608 1,352,156 1,327,211 (24,945) Jan 1,743,821 1,785,439 1,752,540 (32,899) Feb 1,240,109 1,269,706 1,246,310 (23,396) Mar 1,208,042 1,236,873 1,214,082 (22,791) Apr 1,344,045 1,376,122 1,350,765 (25,357) May 1,293,952 1,324,834 1,300,422 (24,412) Jun 1,400,037 1,433,451 1,407,037 (26,414) TOTAL $ 16,342,822 $ 16,732,863 $ 16,424,536 $ (308,327)

NOTE: The projected net revenues for FY 2002 - 2003 are estimated to be .5% over the projected/actual net revenues for FY 2001 - 2002. The difference column reflects the difference between the original projection and the revised projection. Lafayette Parish School System Schedule Of Projected Net Sales Tax Revenues FY 2002 - 2003 2002 (1/2%) SALES TAX -A- -B- -C- Actual/Projected Original Projected Revised Projected Collection Net Revenue Net Revenue Net Revenue Difference Month FY 2001 - 2002 FY 2002 - 2003 FY 2002 - 2003 C - B Jul $ - 1,449,052 $ 1,422,352 $ (26,700) Aug - 1,404,157 1,378,283 (25,874) Sep - 1,331,202 1,306,673 (24,529) Oct - 1,335,395 1,310,789 (24,606) Nov - 1,364,962 1,339,811 (25,151) Dec -

1,338,605 1,313,939 (24,666) Jan - 1,767,585 1,735,015 (32,570) Feb 1,181,919 1,257,009 1,233,846 (23,163) Mar 1,129,509 1,224,505 1,201,941 (22,564) Apr 1,328,294 1,362,361 1,337,258 (25,103) May 1,281,012 1,311,585 1,287,418 (24,167) Jun 1,386,037 1,419,116 $ 1,392,967 (26,149) 6,306,771 16,565,534 $ 16,260,291 TOTAL $ $ (305,243) Note: The projected net revenues for FY 2002 - 2003 are estimated to be 99% of the projected net revenues for the 1988 tax. The difference column reflects the difference between the original projection and the revised projection. Lafayette Parish School System Historical & Projected Property Tax Revenues and Millage Rates Actual FY 97-98 Actual FY 98-99 Actual FY99-00

Actual FY 00-01 Budget FY 01-02* Total Assessed $736,912,486 Less: Homestead Exemption Net Taxable Projected Budget FY 02-03** $783,185,323 $824,767,112 $879,927,716 $1,016,794,854 (216,680,086) (223,952,456) (232,533,701) ($240,542,846) ($269,516,398) ($280,297,054) $520,232,400 $559,232,867 $592,233,411 $639,384,870 $747,278,456 $777,169,594 School (Constitutional) 4.59 4.59 4.59 4.59 4.59 4.59 Special School Tax 7.27 7.27 7.27 7.27 7.27 7.27 Special School Impr. ( M & O)Tax (1992 - 2002) 5.00 5.00 5.00 5.00 5.00 5.00 16.70 16.70 16.70 16.70 16.70

16.70 33.56 33.56 33.56 33.56 33.56 33.56 $17,458,999 $18,767,855 $19,875,353 $21,457,756 $25,078,665 $26,081,812 $1,057,466,648 Millages: School 1985 Operational (1995 - 2005) Total millages Gross Property Taxes Due Less: Pension at 3.538% Net Property Taxes Due Less: Allowance for Delinquencies/Recoveries/ (615,841) $16,843,159 (16,571) (638,818) $18,129,037 (226,764) (703,190) $19,172,163 174,531 (759,175) $20,698,581 (260,294) (887,283) $24,191,382 (225,000) (922,774) $25,159,037 (350,000) Interest & Penalties Actual/Expected Propety Tax Revenue $16,826,588 $17,902,273 $19,346,694 $20,438,287 $23,966,382 $24,809,037 *Based on 11/01 Grand Recapitulation of the Assessment Roll **Based on a preliminary estimate of five percent (5%) increase in January 2002 as provided by Mr. Conrad Comeaux, Assessor. Therefore, this is $366,914 lower than the previous estimate of $25,175,951 Lafayette Parish School System General Fund Budget Comparison Summary of Baseline Charges 2001/2002 Current Budget Total Computerized Revenues $ Medicaid Administrative Outreach $ Total Revenues $

Total - Cost Centers Total - All Schools Change Current Status (5-27-02) Change $ 12,232,389 $ 167,735,910 $ - $ 167,735,910 $ 300,000 $ 300,000 $ - $ 300,000 155,503,521 $ 12,532,389 168,035,910 $ - $ 168,035,910 $ 42,620,869 $ 4,355,399 $ 46,976,268 $ (2,651,958) $ 44,324,310 $ 112,864,697 $ 13,614,484 $ 126,479,181 $ - $ 126,479,181 $ 2,236,839

$ 2,236,839 $ - $ 2,236,839 $ 175,692,288 $ (2,651,958) $ 173,040,330 Other Items-Not Yet In Computer System 155,503,521 2002/2003 Requested Budget - - Total Expenditures $ 155,485,566 $ 20,206,722 Revenue Over (Under) Expenditures $ 17,955 $ (7,674,333) $ (7,656,378) $ 2,651,958 $ (5,004,420) Draft 29-May-02 Lafayette Parish School System General Fund Preliminary Changes in Revenues & Expenditures (Excluding 2002 Sales Tax) Fiscal Year 2002-2003 1 2 3 4 5 6 Revenues Sales Tax - 1.5% Increase -'65 & '88 (excluding increase to other funds) Property Tax - 5% Increase Projected MFP Increase Other Revenues Medicaid Administrative Outreach Adjudicated Property - Property Tax Revenue Total-To-Date: 1 2 3 4 5 6 7 8 9 10 11 12 13 14

15 16 17 18 19 20 Expenditures Health Care Increase State Certificated Raises J. W. James Elem. Admin Staffing Schools of Choice SERS-Restoration of Employer Contribution 2:0 FTE Librarians for 4 Schools (Approved on 3/20/02) Library Books for 4 Schools Transportation - Salary, Benefits & Fuel - 20 routes Staff Raises - Non Teachers Other Transportation Increases (See Schedule) Staff Compensation - Equity Adjustments Reorganization Assistant Principals - 4.0 FTE for 6 Schools Extra-Curricular Activity Stipends - Increase Transportation - Driver Operational Allowance (20 cents) Custodial Staffing Substitute Teachers - Pay Rate Increase Debt Service on New Facility Bonds Other Cost Center Increase Requests Other School Increases Total-To-Date: New Expenditures in Excess of New Revenues: * = Included in cost center & school requests detail. ** = Updated projection suggests we may collect $907,055 less next year. *** = Updated projection suggests we may collect $366,914 less next year. $ (172,073) ** 1,209,569 *** 1,835,298 (528,338) 300,000 ? $ 2,644,456 $ 2,120,335 1,064,300 641,302 325,000 91,466 100,000 116,000 411,000 ? 573,929 90,000 250,000 225,000 96,311 331,038 31,777 ? 491,449 2,797,861 544,066 $ 10,300,834 $ (7,656,378) * * * * * * * * * * Lafayette Parish School System General Fund Preliminary Total Revenues & Expenditures Fiscal Year 2002-2003 Projected Revenues:

Projected Expenditures: Cost Centers All Schools 20 New Bus Routes Debt Service on New Bonds Stipend Increase Asst. Principals for all Schools J.W. James - Administrative Staffing - Estimate Reorganization Non-Teacher Staff Raises Staff Compensation - Equity Substitute Teachers Pay Custodial Staffing Total Expenditures: Expenditures in Excess of Revenues: $ 168,035,910 * $ 46,976,268 126,479,181 411,000 491,449 96,311 225,000 641,302 250,000 ? 90,000 ? 31,777 $ 175,692,288 $ (7,656,378) * = Updated projection suggests we may collect $1,579,212 less next year. Lafayette Parish School System Potential Cost-Shifting to the General Fund Items Not Funded by the 1988 Sales Tax FY 2002 - 2003 Description Estimated Costs Shifted To Behavior Clinic $ 105,725 2002 Tax Unfunded portion of Outreach Program 434,551 2002 Tax Student Remediation 125,000 2002 Tax Teacher In-service 814,426 2002 Tax Materials of Instruction 100,000 Other Revenues Total $ 1,579,702 Lafayette Parish School System General Fund Budget 2002 Dedicated Sales Tax Fiscal Year 2002-2003 Revenue $ 16,565,534 *

Expenditures Teacher Raises (11.3%) Teacher Raises - Step Increase $ Classroom Teacher Salaries: Lower Class Size Salaries Extra Instruction Salaries - Schools of Choice Student Remediation (Shift from '88 Tax) Behavior Clinic (Shift from '88 Tax) Incentive Compensation for Teaching in High Poverty Schools Professional Development for Teachers Classroom Salaries for Targeted Instructional Counseling Outreach Program 9,934,500 1,006,512 2,183,000 ? 125,000 105,725 ? 814,426 ? 434,551 Reserve-Addition 1,961,819 Total Expenditures: * = Updated projection suggests we may collect $305,243 less next year. $ 16,565,534 Economic Forecast for Lafayette, Louisiana Source Response LEDA No Response Dr. Loren C. Scott * Employment Forecast for Lafayette MSA: 2002: 1.0% * 2003: 2.4% Dr. Scotts information provided courtesy of Hibernia Bank. According to Dr. Scotts report, the Lafayette extraction sector will suffer early on in 2002 due to the decline in energy prices between January 2001 and February 2002. The latest Labor Market Information report out of the Louisiana Department of Labor indicates Lafayette has already lost 300 jobs in the extraction sector over the past 12 months. The trend is expected to reverse as we get into summer months and the oil patch responds to the now much higher energy prices. Energy prices are now about $24 a barrel and the employment projection assumes it will stay at that level through 2003. In November 2001, Fruit-of-the-Looms Martin Mills plan shuttered its facilities, laying off 1,300. That loss will pull down Lafayettes reported manufacturing employment numbers through November 2002. LAFAYETTE PARISH SCHOOL SYSTEM From the desk of MATTHEW W. DUGAS, CPA Director of Finance Phone: (337) 236-6801 (Ext. 201) Fax: (337) 233-0782 E-mail: [email protected] Inter-Office Memorandum To: Jules Gaudin, Asst. Superintendent of Finance From: Matthew Dugas, Director of Finance Date: May 29, 2002 Subject: Budget Workshop Question Copies:

Kyle Bordelon, Planning & Facilities Stephanie Richard, Accountant III In reference to a question from Joycelyn Olivier at the May 02 budget meeting about how the asbestos reserve will be used, please see the attached memo from Kyle Bordelon. It appears that an estimated $202,139 of the reserve of $214,385 is expected to be used in the referenced upcoming projects. This would leave a small balance of $12,246 in the reserve. I recommend that we leave the funds in the reserve to cover these expenses and allow the small balance to carryforward to offset future asbestos removal needs funded by the 1988 tax. LAFAYETTE PARISH SCHOOL SYSTEM Department of Planning & Facilities P. O. Drawer 2158 Lafayette, LA 70502-2158 (337) 236-6997 MEMO TO: Matt Dugas FROM: Kyle V. Bordelon RE: Asbestos Funds Request for FY 02-03 DATE: May 22, 2002 Matt, Attached is a spreadsheet identifying the funds needed for asbestos related projects for next fiscal year. The first five (5) roofing abatement projects have already been awarded and are a related to the QZAB roofing replacement projects. The remaining items are estimated costs based on the list of anticipated projects to be funded either by capital funds or by a future bond issue fund. If you have any questions, please call my office. Cc: file Asbestos Funds needed for FY 02-03: 22-May-02 Roofing abatement Roofing abatement Roofing abatement Roofing abatement Roofing abatement Lafayette Middle Lindon Elementary Plantation Elementary Northside High Montgomery Elementary $10,599 $3,857 $11,550 $6,988 $39,145 Roofing abatement Pipe insulation abatement Pipe insulation abatement Pipe insulation abatement Pipe insulation abatement Pipe insulation abatement Comeaux High - esitmated Martin Middle - estimated Faulk Elem. - estimated Montgomery Elem. - estimated Judice Middle - estimated Carencro High - estimated $50,000 $5,000 $5,000 $5,000 $5,000 $10,000 Contingincy for unidentified projects $50,000 Estimated total $202,139

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