Fiscal Review Committee

Name Fiscal Review Committee
Contact Person Mr. Michael J. Waguespack - Louisiana Legislative Auditor
Mailing Address Post Office Box 94397
Baton Rouge, LA 70804-9397
Phone Number 225-339-3839
Fax Number 225-339-3870
Board Email
Website --
Legal Authority R.S. 39:1351-1354
Year Created 1990
Organizational Placement N/A
Purpose/Function The committee is responsible for reviewing the financial stability of political subdivisions of the state and, where appropriate, initiating action requesting the Louisiana Attorney General to file a rule to appoint a fiscal administrator for any political subdivision that is reasonably certain to fail to make a debt service payment.
Number of Entity Members: Number Authorized: 3
Number Currently Serving: 3
Number of Entity Meetings: Actual number in prior year: 1
Estimated number in current year: 2
The Entity is:
Active   Inactive   Not fully organized   Disbanded   Never fully organized
Do members receive per diem, salaries, and/or travel expense reimbursements?
Yes   No
Excluding member per diem, salaries, and travel expense reimbursements, does the entity receive or expend funds?
Yes   No
Entity Member Per Diem:
  Amount Authorized: $0      per meeting   per meeting day   per day spent on board business   None

Total entity member per diem:
  Prior year actual: $0.00
  Current year budgeted: $0.00
Entity Member Salaries:
  Prior year actual: $0.00
  Current year budgeted: $0.00
Entity Member Travel Expense Reimbursement:
  Prior year actual: $0.00
  Current year budgeted: $0.00
Number and Type of Authorized Employee Positions:
Classified: 0
Unclassified: 0
Part-time: 0
Entity Fiscal Year End:
4/30         7/31         10/31         Other (identify date)
6/30         9/30         12/31         None
Participation in State Employee Benefit Programs:
       participate in state retirement system(s) and/or state group insurance program(s)
       do not participate in state benefit programs

       participate in state retirement system(s) and/or state group insurance program(s)
       do not participate in state benefit programs
A state agency provides: (Check all that apply and identify the state agency)
Per Diem Payments          State Agency:
Travel Reimbursements    State Agency:
Other (explain)    State Agency:
Is this entity a budget unit or included within a budget unit of the State of Louisiana as defined by LSA-R.S. 39:2?
   Yes    No
  If yes, identify the budget unit and the budget schedule number below:
  Budget Unit Name:
  Budget Schedule Number:
Notes See LLA's Legal FAQ's for more information - added in Citations section.
Under Rules see the Governor's Declaration of Emergency issues October 1, 2019: Department of Treasury, Office of the Treasurer - Fiscal Administrator Revolving Loan Fund (LAC 71:IX.Chapter 1).
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