2011 - Division of Administration - Louisiana

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State of LouisianaSchedule of Investments Carrying Amount(Expressed in Thousands)Investments Exposedto Custodial Credit RiskUninsured,Unregistered,and Held byCounterpartyUninsured,Unregistered,and Held byCounterparty’sTrust Dept. orAgent but not inthe State’s NameAll InvestmentsReportedAmountAll InvestmentsFair ValueGeneral Government:Negotiable Certificates of Deposit $4,307 $4,307Repurchase Agreements $9,571 856,700 856,700U.S. Government Obligations:On Securities Loan 5,983,944 5,983,944Not On Securities Loan 73,625 73,625Common & Preferred Stock 7,295 37,754 37,754Domestic & Foreign Bonds 2,223,880 2,223,880Mortgages, Notes and Other 89,671 89,671Miscellaneous Short Term 44,853 44,853Mutual Funds 93,269 679,435 679,435Miscellaneous 10,876 10,876Total General Government 110,135 10,005,045 10,005,045Retirement Systems and Other Trusts:Repurchase Agreements 861,605 861,605U.S. Government Obligations:On Securities Loan 298,599 298,599Not On Securities Loan 1,313,367 1,313,367Common & Preferred Stock:On Securities Loan 1,555,554 1,555,554Not On Securities Loan 12,485,855 12,485,855Domestic & Foreign Bonds:On Securities Loan 128,584 128,584Not On Securities Loan 2,964,226 2,964,226Mortgages, Notes and Other 1,466,703 1,466,703Miscellaneous Short Term 1,033,532 1,033,532Mutual Funds 172,454 172,454Real Estate 1,001,438 1,001,438Guaranteed Investment Contracts 301,420 301,420Mezzanine Financing Investments 326,256 326,256Alternative Investments 4,653,813 4,653,813Collateral Held Under SecuritiesLending Program 1,915 1,226,024 1,226,024Total Retirement Systems andOther Trusts 1,915 29,789,430 29,789,430Total Primary Government and Fiduciary 112,050 39,794,475 39,794,475Component Units:Negotiable Certificates of Deposit 12,000 24,575 24,575Repurchase Agreements 30,242 30,242U.S. Government Obligations 40,749 31,947 477,457 477,371Common & Preferred Stock 95,916 107,866Domestic & Foreign Bonds 16,311 133,849 133,849Mortgages, Notes & Other 18,142 122,384 122,384Mutual Funds 12,983 491,051 491,051- 58 -
State of LouisianaSchedule of Investments Carrying Amount(Expressed in Thousands)Investments Exposedto Custodial Credit RiskUninsured,Unregistered,and Held byCounterpartyUninsured,Unregistered,and Held byCounterparty’sTrust Dept. orAgent but not inthe State’s NameAll InvestmentsReportedAmountAll InvestmentsFair ValueExternal Investment Pool 8,978 91,803 91,803Real Estate 9,045 9,045Alternative Investments 52,730 52,829Investments Held in Private Foundations 158,170 158,170Total Component Units 80,852 60,258 1,687,222 1,699,185TOTAL INVESTMENTS $80,852 $172,308 $41,481,697 $41,493,660D. INVESTMENTS - INTEREST RATE RISKInterest rate risk is defined as the risk that changes ininterest rates will adversely affect the fair value ofinvestments. Also, investments can be highly sensitive tochanges in interest rates due to their terms orcharacteristics.State TreasuryThe State Treasury limits the interest rate risk of theGeneral Fund by limiting maturities of its investments tofive years or less. The interest rate risk of certain specialfunds within the State Treasury is limited by restrictingmaturities of their investments to ten years or less. Theinterest rate risk of the Louisiana Education Quality TrustFund (LEQTF), Millennium Trust Fund, and the MedicaidTrust Fund portfolios are limited by managing their maturityand duration using fixed income indices as benchmarks togauge and limit such risk. Further, these portfolios’durations are limited by policy to 15 years or less forLEQTF, and 10 years or less for the Millennium Trust Fundand the Medicaid Trust Fund to minimize interest rate risk.The State Treasury has no investments with fair valuesthat are highly sensitive to changes in interest rates due totheir terms or characteristics.As of June 30, 2011, the State Treasury had the followingdebt investments and maturities (amounts expressed inthousands).Investment Maturities (in Years)Fair Less GreaterInvestment Type Value Than 1 1-5 6-10 Than 10U.S. Government Obligations $4,097,147 $1,046,298 $2,988,382 $25,036 $37,431U.S. Agency Obligations 1,956,223 1,573,871 375,421 1,068,722 393,609 31,381 161,662 118,471Corporate Bonds 1,191,700 62,033 500,655 346,825 282,187Municipal Bonds 984,878 38,171 342,906 233,509 370,292Repurchase Agreements 775,000 775,000Total $9,004,948 $2,296,923 $4,900,665 $998,979 $808,381Retirement Systems and Other TrustsAt June 30, 2011, the Louisiana School Employees'Retirement System (LSERS) held $359,940,389 in totaldebt investments, $5,286,946 with maturities of less than 1year, $109,920,142 with maturities of 1 to 5 years,$94,759,412 with maturities of 6 to 10 years, and$149,973,889 with maturities of more than 10 years. TheLouisiana State Employees' Retirement System (LASERS)held $2,950,082,831 in total debt investments,$1,099,173,660 with maturities of less than 1 year,$473,979,392 with maturities of 1 to 5 years, $616,567,994with maturities of 6 to 10 years, and $760,361,786 withmaturities of more than 10 years. The Teachers'Retirement System of Louisiana (TRSLA) held$2,782,711,553 in total debt investments, $778,321,191with maturities of less than 1 year, $482,508,499 withmaturities of 1 to 5 years, $442,788,823 with maturities of6 to 10 years, and $1,079,093,040 with maturities of morethan 10 years. The Louisiana State Police Retirement- 59 -
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LouisianaCOMPREHENSIVE ANNUAL FINAN
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On the CoverExploring Louisiana’s
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State of LouisianaCONTENTSI. INTROD
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State of LouisianaComponent UnitsCo
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I. INTRODUCTORYSECTION2010-2011 Com
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The Honorable Bobby Jindal, et al.D
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The Honorable Bobby Jindal, et al.D
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CERTIFICATE OFACHIEVEMENT- 6 -
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State of LouisianaPRINCIPAL STATE O
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LOUISIANA LEGISLATIVE AUDITORDARYL
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December 28, 2011Page ThreeAs discl
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M A N A G E M E N T ’ S D I S C U
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State of Louisianabusinesses by tak
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State of LouisianaNet Assets:As not
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Page 36 and 37: State of LouisianaGENERAL FUND BUDG
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Page 40 and 41: G O V E R N M E N T - W I D EF I N
Page 42 and 43: State of LouisianaSTATEMENT OF NET
Page 44 and 45: State of LouisianaSTATEMENT OF ACTI
Page 46 and 47: GOVERNMENTAL FUND FINANCIAL STATEME
Page 48 and 49: State of LouisianaReconciliation of
Page 50 and 51: State of LouisianaReconciliation of
Page 52 and 53: PROPRIETARY FUND FINANCIAL STATEMEN
Page 54 and 55: State of LouisianaSTATEMENT OF REVE
Page 56 and 57: State of LouisianaSTATEMENT OF CASH
Page 58 and 59: FIDUCIARY FUND FINANCIAL STATEMENTS
Page 60 and 61: State of LouisianaSTATEMENT OF CHAN
Page 62 and 63: COMPONENT UNIT FINANCIAL STATEMENTS
Page 64 and 65: State of LouisianaCOMBINING BALANCE
Page 66 and 67: State of LouisianaCOMBINING STATEME
Page 68 and 69: Note 1Note 2Note 3Note 4Note 5Note
Page 70 and 71: State of LouisianaLouisiana State E
Page 72 and 73: State of LouisianaGreater Baton Rou
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Page 80 and 81: State of LouisianaNOTE 2: DEPOSITS
Page 84 and 85: State of LouisianaSystem (LSPRS) he
Page 86 and 87: State of LouisianaG. SECURITIES LEN
Page 88 and 89: State of LouisianaType Notional Obj
Page 90 and 91: State of Louisianathese bonds witho
Page 92 and 93: State of LouisianaNOTE 3: ACCOUNTS
Page 94 and 95: State of LouisianaNOTE 4: INTERFUND
Page 96 and 97: State of LouisianaNOTE 5: CAPITAL A
Page 98 and 99: State of LouisianaC. IMPAIRMENT OF
Page 100 and 101: State of Louisianaofficial forecast
Page 102 and 103: State of LouisianaActuarial Committ
Page 104 and 105: State of LouisianaLASERSTRSLALSERSS
Page 106 and 107: State of Louisianathe 2010 Regular
Page 108 and 109: State of Louisiana* Effective July
Page 110 and 111: State of LouisianaB. LOUISIANA LOTT
Page 112 and 113: State of LouisianaTotal premium rat
Page 114 and 115: State of LouisianaRetirees and bene
Page 116 and 117: State of LouisianaNOTE 6B: EMPLOYEE
Page 118 and 119: State of LouisianaTotal capital lea
Page 120 and 121: State of Louisianais $8,296 and $22
Page 122 and 123: State of LouisianaBusiness-Type Act
Page 124 and 125: State of LouisianaH. CONDUIT DEBTRe
Page 126 and 127: State of Louisiana27:392(B)(4). The
Page 128 and 129: State of Louisianaruling will resul
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State of LouisianaBeginning net ass
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State of Louisianafor the daily adm
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State of LouisianaBUDGETARY COMPARI
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State of LouisianaOTHER POSTEMPLOYM
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BUDGETARY COMPARISONSCHEDULEMAJOR D
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State of LouisianaSPECIAL REVENUE F
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State of LouisianaPERMANENT FUNDSTO
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COMBINING SCHEDULE OF REVENUES, EXP
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State of LouisianaLOUISIANAGULF LOU
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State of LouisianaLOUISIANATOTALOFF
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State of LouisianaTOTALOFFICE OFFIC
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State of LouisianaLOUISIANATOTALOFF
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COMBINING STATEMENT OF CHANGES IN F
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COMBINING STATEMENT OF CHANGES IN A
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COMBINING STATEMENT OF CHANGES IN A
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State of LouisianaKENNER LOUISIANA
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State of LouisianaCOMBINING STATEME
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III. STATISTICALSECTION2010-2011 Co
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State of LouisianaNET ASSETS BY COM
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State of LouisianaCHANGES IN NET AS
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State of LouisianaCHANGES IN NET AS
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State of LouisianaFUND BALANCES, GO
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State of LouisianaCHANGES IN FUND B
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State of LouisianaINDIVIDUAL INCOME
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State of LouisianaTAX RATE BY MAJOR
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State of LouisianaPERSONAL INCOME -
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State of LouisianaLEGAL DEBT MARGIN
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State of LouisianaREVENUE BOND COVE
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State of LouisianaDEMOGRAPHIC AND E
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State of LouisianaLOUISIANA STATE E
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State of LouisianaOPERATING INDICAT
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State of LouisianaCAPITAL ASSETS ST
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www.doa.la.gov/osrap/cafr-2.htm
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2011 - Division of Administration - Louisiana

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