Local government agencies and quasi-public organizations (local auditees) in Louisiana are required to provide an annual financial report to the Louisiana Legislative Auditor (LLA). The type of report is generally governed by the audit law (Louisiana Revised Statutes (R.S.) 24:513(opens in new tab) and 24:514(opens in new tab)), and is based on the amount of revenues and other sources the local auditee receives:

Amount of revenues and other sourcesType of report provided
$500,000 and overAudit
$200,000 - $499,999Review/attestation
$75,001 - $199,999Compilation
$75,000 and underSworn financial statements


See also What Kind of Report Does My Agency Need to Provide To the Legislative Auditor?

There is, however, a separate and specific reporting requirement in R.S. 40:514(opens in new tab) for local housing authorities:

The financial statements contained in annual reports of local housing authorities with gross revenues of two hundred fifty thousand dollars or more shall be audited annually. Such financial statements of authorities with gross revenues of less than two hundred fifty thousand dollars shall be audited at least biennially.


LLA has determined that it is in the best interest of the public to enforce the more stringent reporting requirement for housing authorities that is found in R.S. 40:514(opens in new tab):

Amount of revenues and other sourcesType of report provided
$250,000 and overAnnual audit
Less than $250,000Biennial audit

Therefore –

  • Housing authorities that receive $250,000 or more in revenues and other sources during a fiscal year must provide an annual audit to LLA.
  • Housing authorities that receive less than $250,000 in revenues and other sources during a fiscal year must provide a biennial audit to LLA. A biennial audit is performed every other year and covers the prior two years of the housing authority's financial activity. In the year that is not audited, the housing authority must provide a report to LLA that is commensurate with R.S. 24:513(opens in new tab)3 (see the first table above) – a review/attestation report, a compilation report, or sworn financial statements.

This reporting requirement for housing authorities is effective for fiscal years ending on or after June 30, 2017.

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