The Lafourche Parish Game and Fish Commission (Commission) is a unit of the
Lafourche Parish Council, and is required to submit an annual financial statement
prepared by a certified public account in accordance with Statements on Standards
for Accounting and Review Services issued by the American Institute of Certified
Public Accountants and using Generally Accepted Accounting Principles. The annual
financial statements are available for public view.
Commission funds are placed either in a checking account with Capitol One Bank or
in the Louisiana Asset Investment Pool (LAMP). LAMP is an external investment pool
to enable public entities in the State of Louisiana an opportunity to pool their
funds for investment. The primary objective of LAMP is to provide a safe environment
for the placement of public funds in short-term, high quality investments. The LAMP
portfolio includes investments only in federal agencies backed by the U.S. government,
government-only money market funds rated AAA by Standard and Poor's, and commercial
paper of domestic U.S. corporations rated A-1 or A-1+ by Standard and Poors. At the end of
December 2011, Commission fund balances were $111,557 in LAMP and $11,270 in the
Capitol One checking account.
Commission bylaws provide additional financial guidance:
(1) Any item purchased by the Commission shall remain the property of the Commission
until legally disposed of and be used for the express purpose of the Commission only.
(2) All property purchased by the Commission shall be held in accordance with La. R.
S. 42:1461.
(3) All property of the Commission shall be inventoried and inspected at least once
per calendar year with a full reporting at the first meeting of the calendar year.
(4) The Commission may derive revenue from means of a legal nature (i.e., the sale of
alligator eggs, proceeds from trappers, and camp fees, etc.). The Commission may also
levy hunting or recreational fees as it deems necessary.
(5) No purchases shall be made without the approval of a simple Commission majority at
a meeting, except that emergency needs may be purchased with a called vote of the
Commission; and subsequent notification by the Secretary to the Chairman.
(6) A financial statement shall be presented at each Commission meeting by the person
so designated to maintain such records.
As required by LA R.S. 39:1303, the Commission is also required to adopt an annual
budget. The 2009 Commission budget is tabulated below:
