Revised June 28, 2017
LAFOURCHE PARISH SCHOOL BOARD INTRODUCTION The Board is a political subdivision of the State of Louisiana. It was created under Louisiana Revised Statute (LRS) 17.51 for the purpose of providing free public education for the children within Lafourche Parish. The Board is authorized by (LRS) 17:81 to establish polices and regulations for its own government that are consistent with the laws of the State of Louisiana and the regulations of the Louisiana Board of Elementary and Secondary Education. The school board is comprised of 15 members who are elected from 15 districts for a term of four years. The Board operates 29 schools within the parish with a total enrollment of 13,639 pupils (2016 school year), and 2 charter schools with a total enrollment of 919 (2016 school year). In conjunction with the regular educational programs, some of these schools offer special education and/education programs. Additionally, the school board provides transportation and school food services for the students. President: Al Archer Superintendent: Dr. JoAnn Matthews Mailing Address: Lafourche Parish School Board P. O. Box 879 Thibodaux LA 70302 Phone (504) 446-5631 FAX (504) 446-0801 Allow two weeks before inquiring about payment status. BILLING INFORMATION CREDIT DATA DUNS #: 09-354-6901 Bond Rating: A+/Stable by Moody s Investor Service as of April 14, 2015 Bank: Capital One, N.A. 3840 Hwy, 22, Suite 202 Mandeville, LA 70471 Contact: David P. Blasini Phone: (985) 674-8113 e-mail: david.blasini@capitalonebank.com Blue Cross Blue Shield of Louisiana P.O. Box 98029 Baton Rouge, LA 70898-9029 Phone: (225) 295-3307 Fax: (225) 295-2494 http://www.bcbsla.com/ CREDIT REFERENCES Entergy P O Box 8108 Baton Rouge, LA 70891-8108 Business Center Phone: (800) 766-1648 Email: EBC@Entergy.com http://www.entergy-louisiana.com/ School Book Supply P. O. Box 1980 Gonzales, LA 70707 Accounts Payable Phone: (800) 272-3055 Email: TRandall@schoolbook-la.com Fax: (225) 647-0750 http://www.schoolbook-la.com/
LAFOURCHE PARISH SCHOOL BOARD (Continued) FINANCIAL STATEMENT RECAP Balance Sheet: Governmental Funds CATEGORY ($ millions) 6/30/2016 6/30/2015 Cash and cash equivalents $ 31.4 $ 29.1 Investments 27.8 37.6 Receivables 6.8 7.7 Interfund receivables 18.6 23.7 Interfund receivables Agency 2.8 2.8 Inventory, at cost 0.3 0.3 Total assets $ 87.7 $ 101.2 Interfund payables 18.6 22.7 Accounts payable 2.5 1.9 Contracts payable 0.1 2.2 Salaries, benefits and withholdings payable 18.8 20.1 Unearned revenue and other 0.3 0.9 Total liabilities $ 40.3 $ 47.8 Nonspendable 0.3 0.3 Restricted 40.6 48.3 Committed 0.5 1.3 Unassigned 6.0 3.5 Total fund balance $ 47.4 $ 53.4 Total liabilities and fund balance $ 87.7 $ 101.2 Revenues, Expenditures and Changes in Fund Balances Governmental Funds CATEGORY ($ millions) 6/30/2016 6/30/2015 Local revenue sources $ 92.3 $ 81.3 State revenue sources 66.6 67.9 Federal revenue sources 17.6 16.7 Total revenues $ 176.5 $ 165.9 Instruction 79.4 82.0 Support Services 64.0 60.0 Food service operations 8.8 8.7 Facilities acquisition and construction 6.3 22.7 Debt services and other 15.0 15.3 Appropriations to type 1 charter schools 9.0 8.3 Total expenditures 182.5 197.0 Excess (deficiency) of revenues over expenditures (6.0) (31.1) Other sources 31.4 48.3 Other uses (31.4) (48.1) Total other sources and uses 0.2 Net changes in fund balance (6.0) (30.9) Fund balances beginning $ 53.4 $ 84.3 Fund balances ending $ 47.4 $ 53.4
LAFOURCHE PARISH SCHOOL BOARD (Continued) Copies of the Comprehensive Annual Financial Report and of the Comprehensive Budget can going to the School Board s webpage www.mylpsd.com, then choosing the Business Department from the Departments dropdown menu and then following the appropriate link in the Resources section. Auditors: Postlethwaite & Netterville 8550 United Plaza Blvd. Baton Rouge LA 70809 Phone: (225) 408-4710 TAXES Sales/Use Taxes: Act 1029 of the 1991 Regular Legislative Session exempts the Board from paying any state and local sales taxes. Effective September 1, 1992, no invoices may contain a charge of any sales taxes. According to the latest statement for the Louisiana Department of Revenue and Taxation the same regulations apply to the individual schools. No sales/use taxes should be charged, if the following is true: The invoice is made out to the individual school or the Board, or the bill is paid with individual school or Board check. Attached is a partially completed Form-1056. Please insert your company s name in the first blank at the top of the form, and your company s address in the next blank. Retain the form for your records. The above information is being provided for the purpose of credit assessment. All information contained is true to the best of my knowledge. Don Gaudet, CPA, CGFO, CLSBA Business Manager
Form W-9 (Rev. December 2014) Department of the Treasury Internal Revenue Service Print or type See Specific Instructions on page 2. Request for Taxpayer Identification Number and Certification 1 Name (as shown on your income tax return). Name is required on this line; do not leave this line blank. Lafourche Parish School Board 2 Business name/disregarded entity name, if different from above 3 Check appropriate box for federal tax classification; check only one of the following seven boxes: Individual/sole proprietor or single-member LLC C Corporation S Corporation Partnership Trust/estate Limited liability company. Enter the tax classification (C=C corporation, S=S corporation, P=partnership) Give Form to the requester. Do not send to the IRS. 4 Exemptions (codes apply only to certain entities, not individuals; see instructions on page 3): Exempt payee code (if any) Exemption from FATCA reporting Note. For a single-member LLC that is disregarded, do not check LLC; check the appropriate box in the line above for the tax classification of the single-member owner. Other (see instructions) political subdivision of Louisiana code (if any) (Applies to accounts maintained outside the U.S.) 5 Address (number, street, and apt. or suite no.) Requester s name and address (optional) P. O. Box 879 6 City, state, and ZIP code Thibodaux, LA 70302-0879 7 List account number(s) here (optional) Part I Taxpayer Identification Number (TIN) Enter your TIN in the appropriate box. The TIN provided must match the name given on line 1 to avoid backup withholding. For individuals, this is generally your social security number (SSN). However, for a resident alien, sole proprietor, or disregarded entity, see the Part I instructions on page 3. For other entities, it is your employer identification number (EIN). If you do not have a number, see How to get a TIN on page 3. Note. If the account is in more than one name, see the instructions for line 1 and the chart on page 4 for guidelines on whose number to enter. Social security number or Employer identification number Part II Certification Under penalties of perjury, I certify that: 1. The number shown on this form is my correct taxpayer identification number (or I am waiting for a number to be issued to me); and 2. I am not subject to backup withholding because: (a) I am exempt from backup withholding, or (b) I have not been notified by the Internal Revenue Service (IRS) that I am subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified me that I am no longer subject to backup withholding; and 3. I am a U.S. citizen or other U.S. person (defined below); and 4. The FATCA code(s) entered on this form (if any) indicating that I am exempt from FATCA reporting is correct. Certification instructions. You must cross out item 2 above if you have been notified by the IRS that you are currently subject to backup withholding because you have failed to report all interest and dividends on your tax return. For real estate transactions, item 2 does not apply. For mortgage interest paid, acquisition or abandonment of secured property, cancellation of debt, contributions to an individual retirement arrangement (IRA), and generally, payments other than interest and dividends, you are not required to sign the certification, but you must provide your correct TIN. See the instructions on page 3. Sign Here Signature of U.S. person General Instructions Section references are to the Internal Revenue Code unless otherwise noted. Future developments. Information about developments affecting Form W-9 (such as legislation enacted after we release it) is at www.irs.gov/fw9. Purpose of Form An individual or entity (Form W-9 requester) who is required to file an information return with the IRS must obtain your correct taxpayer identification number (TIN) which may be your social security number (SSN), individual taxpayer identification number (ITIN), adoption taxpayer identification number (ATIN), or employer identification number (EIN), to report on an information return the amount paid to you, or other amount reportable on an information return. Examples of information returns include, but are not limited to, the following: Form 1099-INT (interest earned or paid) Form 1099-DIV (dividends, including those from stocks or mutual funds) Form 1099-MISC (various types of income, prizes, awards, or gross proceeds) Form 1099-B (stock or mutual fund sales and certain other transactions by brokers) Form 1099-S (proceeds from real estate transactions) Form 1099-K (merchant card and third party network transactions) Date Form 1098 (home mortgage interest), 1098-E (student loan interest), 1098-T (tuition) Form 1099-C (canceled debt) Form 1099-A (acquisition or abandonment of secured property) Use Form W-9 only if you are a U.S. person (including a resident alien), to provide your correct TIN. If you do not return Form W-9 to the requester with a TIN, you might be subject to backup withholding. See What is backup withholding? on page 2. By signing the filled-out form, you: 1. Certify that the TIN you are giving is correct (or you are waiting for a number to be issued), 2. Certify that you are not subject to backup withholding, or 3. Claim exemption from backup withholding if you are a U.S. exempt payee. If applicable, you are also certifying that as a U.S. person, your allocable share of any partnership income from a U.S. trade or business is not subject to the withholding tax on foreign partners' share of effectively connected income, and 4. Certify that FATCA code(s) entered on this form (if any) indicating that you are exempt from the FATCA reporting, is correct. See What is FATCA reporting? on page 2 for further information. Cat. No. 10231X Form W-9 (Rev. 12-2014)
R-1056 (10/07) Certificate of Sales/Use Tax Exemption/ Exclusion of Purchases by Political Subdivisions of the State of Louisiana Louisiana R.S. 47:301(8)(c) PLEASE PRINT OR TYPE. Political Subdivision Louisiana Dept. of Revenue Registration No. (if applicable) Lafourche Parish School Board 0286245001 Address P. O. Box 879 City State ZIP Thibodaux LA 70302 The above referenced entity does hereby certify that the entity is a public agency of the State of Louisiana with legal status as one of the following: State agency, board or commission Municipal government or instrumentality thereof Public Charter School (R.S. 17:3971-4001) Hospital service district Public housing authority Parish government or instrumentality thereof Parish school board or public school Law enforcement district Waterworks district Parish and municipal libraries Other Purchases of tangible personal property and taxable services, and/or leases and rentals of tangible personal property by the above referenced political subdivision are totally exempted from the sales tax levied by the State as provided by R.S. 47:301(8)(c). The Louisiana Constitution, Article VI, 44(2) defines a political subdivision as a parish, municipality, and any other unit of local government, including a school board and a special district, authorized by law to perform governmental functions. The authorized person for the political subdivision certifi es that the entity meets the criteria for the sales tax exclusion under R.S. 47:301(8)(c), and if sales tax is later found to be due, the entity will be responsible for any tax liabilities. Authorized Agent Don Gaudet Signature X Signature of Authorized Agent Title Business Manager Date (mm/dd/yyyy) 06/28/2017