Lafayette, LA (May 5, 2026) — Lafayette Consolidated Government has released its Fiscal Year 2025 Annual Comprehensive Financial Report, showing a continued decline in audit findings over the past three years, according to an independent review by the Louisiana Legislative Auditor.
The report shows total audit findings decreased to five in Fiscal Year 2025, compared to eleven in the previous year and twenty-nine in Fiscal Year 2022.
Mayor-President Monique B. Boulet said the reduction reflects ongoing efforts to strengthen internal controls and financial oversight.
The audit outlines several financial indicators included in the report:
Total audit findings declined for a third consecutive year, dropping from eleven to five.
The government reported a reduction of $93.1 million in total debt, including $61 million in bonded debt, while maintaining Aa2 and AA credit ratings.
Sales tax collections reached $122.9 million, representing a 7.1 percent increase compared to the previous year.
The report also notes more than $1.8 billion in net capital assets, including projects such as the Louisiana Avenue Extension and improvements to the Gloria Switch Water Treatment Plant.
According to the administration, the findings reflect efforts to improve financial management practices and maintain compliance with applicable standards.
A full copy of the ACFR and audit findings is available on the Lafayette Consolidated Government website at www.lafayettela.gov within the Finance & Management Department. You can also click here for direct link.
