Audit Shows $10 Million Profit For Parish

By Pam Folse

 

St. James Parish government auditor Mike LeBlanc, who represents the accounting firm of Postlethwaite and Netterville, reported to the Parish Council that St. James Parish government operated at a profit of more than $10 million in 2015. The Parish’s net worth or equity for 2015 was $138,995,701, up by $10,350,431 from the 2014 total of $128,645,720. Of the $10.35 million increase, $8,888,483 is from governmental activities such as general and special revenue funds.