Karen Fontenot,
Chief Financial Officer
About
Learn about City of Lafayette, Louisiana Communications Bonds, including Featured News and The Team.
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- amount of last bond sale
- $14,140,000
- Bond Ratings
- A+/A2
- Communication System Revenue Bonds Outstanding
- $69,330,000
About City of Lafayette, Louisiana Communications Bonds
LUS Fiber is Lafayette’s community owned telecommunications system, providing video, Internet and phone service to residents and businesses over the city’s only 100% fiber optic network. Communications has become the fourth utility and ours is the first municipal Fiber-To-The-Home (FTTH) system serving an entire community in Louisiana.
The City is the center of a region that's both multi-cultural and multi-industrial, and is surrounded by a unique, publicly-owned fiber optic loop. "From oil and gas extraction to crawfish farming, we've created unique industries while developing technologies that are now the global standard," states Gregg Gothreaux, President and CEO of the Lafayette Economic Development Authority.
Today, Lafayette has diversified by positioning itself as a medical, transportation, finance, technology, entertainment, education and retail hub. The business base of the parish includes energy services, manufacturing, health care, transportation and distribution, education, information technology, finance, tourism and other service-related industries. The resilience of Lafayette's economy is attributed to our strategic growth, entrepreneurial spirit and skilled workforce that demonstrates a strong work ethic influenced by southern values. With this foundation, Lafayette Parish is able to foster an economy that supports a growing population and diverse industry sectors.
Featured News
January 18, 2023
News
OFFICE OF FINANCE AND MANAGEMENT EARNS PRESTIGIOUS TRIPLE CROWN AWARD
OFFICE OF FINANCE AND MANAGEMENT EARNS PRESTIGIOUS TRIPLE CROWN AWARD
Lafayette, LA – Lafayette Consolidated Government’s (LCG) Office of Finance and Management is a Triple Crown Winner — the first award of its kind in the history of the finance department.
The Government Finance Officers Association of the United States and Canada (GFOA), which acknowledges outstanding public financial management, recognized the department with awards in all three of its categories — Certificate of Achievement for Excellence in Financial Reporting, the Distinguished Budget Presentation Award, Popular Annual Financial Reporting Award.
This is the department’s first year to win the Popular Annual Report Award, which is information extracted from the comprehensive financial report and presented in an easily understandable document for the general public. This is the seventh consecutive year the finance department brought home the Achievement for Excellence Award (the highest form of recognition in governmental accounting and financial reporting) and the ninth consecutive year to win the Distinguished Budget Presentation.
LCG is one of only two governmental entities in Louisiana to be named Triple Crown winners for the fiscal year ending on October 31, 2021. “These awards demonstrate our Finance employees’ dedication to excellence in governmental financial reporting,” said Chief Financial Officer Lorrie Toups.
Lafayette Mayor-President Josh Guillory praised the Office of Finance and Management and Toups for their remarkable achievement. “I am grateful for our staff and their willingness to go above and beyond for our community. Winning the Triple Crown demonstrates their commitment to high standards,” Guillory said.
Toups will receive the awards, on behalf of her department, at the City and Parish Council meetings on Wednesday, February 1, 2023.
March 10, 2022
Press Release
OFFICE OF FINANCE AND MANAGEMENT RECEIVES PRESTIGIOUS AWARD
Lafayette, LA – For the sixth consecutive year, the Government Finance Officers Association of the United States and Canada (GFOA) has awarded the Certificate of Achievement for Excellence in Financial Reporting to Lafayette Consolidated Government (LCG) for its annual, comprehensive financial report for the fiscal year ending October 31, 2020.