Every campus in the LSU System produces an annual published budget
document in a format prescribed by the Louisiana Board of Regents and
the LSU System. LSUA’s budget document for 2004-2005 [1] 
is available in hard-copy in the LSUA Library. On-campus budget
planning at LSU at Alexandria begins at the departmental level [2] and is reviewed by the University’s Planning Council [3] [4] .
LSUA’s annual Operating Budget is approved by the LSU Board of
Supervisors. Board approvals are noted in the Board meeting minutes of
August 24, 2001 [5] , for the fiscal year 2001-2002 operating budget; in the August 23, 2002 [6] minutes for the fiscal year 2002-2003 operating budget; in the August 21-22, 2003 [7] minutes for the fiscal year 2003-2004 operating budget and in the minutes of the August 19-20, 2004 [8] minutes for the 2004-2005 operating budget.
LSU at Alexandria’s Financial Statements from June 30, 2000, to June 30, 2004 [9] [10] [11] [12] [13] are provided. These statements reflect LSU at Alexandria’s financial performance for the past five years.
LSUA is audited annually as part of the system-wide audit of the LSU
System. At the request of the LSU System, the Legislative Auditor
prepared a Standard Review Report for fiscal year 2002-2003 [14] for LSUA's SACS reaffirmation in 2004.
Audits of the LSU System by the Legislative Auditor [15] [16] [17] [18] [19]
for the past five years are provided. Although LSUA is included in the
system-wide audits, there are no specific references to LSUA because
LSUA has had no significant audit findings. In conjunction with the
audit of the LSU System at June 30, 2002, the Legislative Auditors
issued a management letter [20] for “LSU
and Related Campuses” within the system. Included within the scope of
the management letter were the following institutions: LSU, the LSU
Board of Supervisors, the LSU Agricultural Center, the Pennington
Biomedical Research Center, the Paul M. Hebert Law Center, LSU at
Alexandria, and LSU at Eunice. The auditors consider such institutions
to be “related” because some of the business functions and most of the
accounting functions are managed for them by the LSU campus, using the
same mainframe systems (i.e., budget, HRM, purchasing, general ledger).
A Statement of Revenues, Expenses, and Changes in Net Assets
(SRECNA), was prepared on June 30, 2004. The SRECNA, which is one of
the three core financial statements currently required by the
Governmental Accounting Standards Board (GASB) for all public
institutions of higher education, provides the details of all operating
and non-operating activity and the resulting changes in (total) net
assets.