Calcasieu Parish has Over $318 Million Cash and Investments

There is NO need for a tax increase…. and garbage pickup should be paid out of the $318 million  ‘cash and cash equivalents and investments’…!!!

Cash and Cash Equivalents and Investments as of Dec 31, 2010, as reported in the CAFR for Calcasieu Parish:

 43% of US Agency securities is Federal Home Loan Bank securities**

$33 million is in John Kennedy’s LAMP. See:

See for yourself on Page 62 at link below:

Primary Government Funds —- $219,379,323

Component Units Funds ———- $99,480,077

TOTAL —————————- $318,859,400

**The Parish’s investments in U.S. Agency Securities were primarily rated AAA by Standard & Poor’s & Fitch Ratings and Aaa by Moody’s Investors Services. Of the US Agency Securities held by the Parish at December 31, 2010, approximately 43% of those securities were invested in over nineteen Federal Home Loan Bank securities with varying maturity dates. LAMP has a Standard & Poor’s Rating of AAAm. (Page 59)



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