2025-11-05T10:59:58-06:00 2024-12-31 721088864 LAPORTE APAC 111 VETERANS MEMORIAL BLVD 600 METAIRIE LA 700054958 990 2024-01-01 261871311 LCTCS FACILITIES CORPORATION LCTC 5045447700 3850 N CAUSEWAY BLVD 1930 METAIRIE LA 70002 STEPHEN C SMITH PRESIDENT 5045447700 2025-11-04 1 1 RYAN P KRUSE MS CPA P01323111 5048355522 2025-10-31 2024 2025-03-06 01:10:19Z STEPHEN C SMITH 3850 N CAUSEWAY BLVD SUITE 1930 METAIRIE LA 70002 32204830 0 X LCTCS.CSRSONLINE.COM/PROGRAM/FACILITIES.ASP X 2007 LA TO DEVELOP, ACQUIRE, PURCHASE, REPAIR, IMPROVE, RENOVATE, AND EXPAND CERTAIN PUBLIC FACILITIES ON FOURTEEN OF THE EXISTING CAMPUSES OF THE LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM,INCLUDING ALL FURNISHINGS, FIXTURES AND EQUIPMENT INCIDENTAL OR NECESSARY IN CONNECTION THEREWITH (THE "FACILITIES") FOR VARIOUS COMMUNITY AND TECHNICAL COLLEGE CAMPUSES (THE "COLLEGES"), SUCH FACILITIES LOCATED ON LAND OWNED OR TO BE OWNED BY THE BOARD OF SUPERVISORS OF THE LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM (THE "BOARD") ALL IN ACCORDANCE WITH ACT 391 OF THE 2007 REGULAR SESSION OF THE LOUISIANA LEGISLATURE AND ACT 360 OF THE 2013 REGULAR SESSION OF THE LOUISIANA LEGISLATURE; PAYING CAPITALIZED INTEREST ON THE SERIES 2014,2017,2018 & 2019 BONDS; FUNDING A DEBT SERVICE RESERVE FUND; AND PAYING COSTS OF ISSUANCE OF THE SERIES 2014,2017,2018 & 2019 BONDS, INCLUDING THE PREMIUMS FOR THE BOND INSURANCE POLICIES INSURING THE SERIES 2014,2017,2018 & 2019 BONDS. 4 4 0 4 0 0 2687114 1022541 30712047 29594635 2506871 1534598 0 53056 35906032 32204830 0 0 0 0 0 0 0 0 0 22745462 22863636 22745462 22863636 13160570 9341194 419337525 407032323 309909725 288185858 109427800 118846465 X TO REPAIR, IMPROVE, RENOVATE, AND CONSTRUCT FACILITIES ON FOURTEEN OF THE EXISTING CAMPUSES OF THE LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM. 0 0 22825807 29594635 TO REPAIR, IMPROVE, RENOVATE, AND CONSTRUCT FACILITIES ON FOURTEEN OF THE EXISTING CAMPUSES OF THE LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM. LCTCS FACILITIES CORPORATION ESTIMATES THAT IT WILL EXPEND APPROXIMATELY $177 MILLION ON THE PROJECTS. THE FOLLOWING LOUISIANA TECHNICAL AND COMMUNITY COLLEGE CAMPUSES WILL BE REPAIRED, IMPROVED, RENOVATED, AND CONSTRUCTED: 1) EVANGELINE CAMPUS; ST MARTINVILLE, LA - REPLACEMENT OF CAMPUS BUILDING PROJECTED $9,200,000 IMPROVEMENT 2) HUEY P. LONG CAMPUS; WINNFIELD, LA - REPLACEMENT AND RELOCATION OF FACILITIES ESTIMATED $11,500,000 IMPROVEMENT 3) NORTHWEST LOUISIANA CAMPUS; MINDEN, LA - EXPANSION OF CAMPUS APPROXIMATED $16,100,000 IMPROVEMENT 4) YOUNG MEMORIAL CAMPUS; MORGAN CITY, LA - CONSTRUCTION OF BUILDINGS FOR NON-MARINE PROGRAMS PROJECTED $5,980,000 IMPROVEMENT 5) FLORIDA PARISHES CAMPUS; GREENSBURG, LA - ACQUISITION OF EIGHT-ACRE SITE AND CONSTRUCTION OF FACILITIES ESTIMATED $9,200,000 IMPROVEMENT 6) WESTSIDE CAMPUS; PLAQUEMINE, LA - REPLACEMENT OF BUILDINGS AND RELOCATION OF CAMPUS APPROXIMATED $3,450,000 IMPROVEMENT 7) GULF AREA CAMPUS; ABBEVILLE, LA - RESTORATION OF CURRENT FACILITIES PROJECTED $6,900,000 IMPROVEMENT 8) SHELBY M. JACKSON CAMPUS; FERRIDAY, LA - REPAIR AND REPLACEMENT OF FACILITIES ESTIMATED $5,175,000 IMPROVEMENT 9) SIDNEY N. COLLIER CAMPUS; NEW ORLEANS, LA - RELOCATION AND ACQUIRING OF LAND AND BUILDING APPROXIMATED $13,685,000 IMPROVEMENT 10) L.E. FLETCHER TECHNICAL COMMUNITY COLLEGE; HOUMA, LA - CONSTRUCTION OF CLASSROOM LAB AND OFFICE BUILDING PROJECTED $24,495,000 IMPROVEMENT 11) SOWELA TECHNICAL COMMUNITY COLLEGE; LAKE CHARLES, LA - ACQUISITION OF LAND AND CONSTRUCTION OF CLASSROOM AND STUDENT FACILITIES ESTIMATED $14,950,000 IMPROVEMENT 12) RIVER PARISHES COMMUNITY COLLEGE; SORRENTO, LA - ACQUIRE LAND AND CONSTRUCTION OF ADDITIONAL FACILITIES APPROXIMATED $19,550,000 IMPROVEMENT 13) DELGADO COMMUNITY COLLEGE; NEW ORLEANS, LA - RESTORE ISSAC DELGADO HALL AND STUDENT SERVICES, RELOCATE MARITIME AND INDUSTRIAL TRAINING CENTER, AND DEMOLTION AND CONSTRUCTION OF LEARNING RESOURCES CENTER PROJECTED $16,035,962.25 IMPROVEMENT 14) ELAINE P. NUNEZ COMMUNITY COLLEGE; CHALMETTE, LA - RESTORE ARTS AND SCIENCE BUILDING, RESTORE ALLIED HEALTH BUILDING, RESTORE PHYSICAL ACTIVITY CENTER, RESTORE SHOP BUILDING B, RESTORE CLASSROOM BUILDING A, AND CONSTRUCTION OF ADDITIONAL SECOND FLOOR ESTIMATED $5,993,933.40 IMPROVEMENT 15) CONSTRUCTION OF STATEWIDE STUDENT AND FINANCIAL INFORMATION SYSTEM APPROXIMATED $11,500,000 IMPROVEMENT 16) BATON ROUGE COMMUNITY COLLEGE, EAST BATON ROUGE PARISH NEW WORKFORCE TRAINING CENTER $8,100,000 EXPANSION OF CAMPUS AND IMPROVEMENT 17) BATON ROUGE COMMUNITY COLLEGE SMILEY HEIGHTS CAMPUS EAST BATON ROUGE PARISH TECHNOLOGY CENTER $10,200,000 CONSTRUCTION OF FACILITY 18) BOSSIER PARISH COMMUNITY COLLEGE, BOSSIER CITY CAMPUS, BOSSIER PARISH SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) BUILDING $18,500,000 CONSTRUCTION OF FACILITY 19) CENTRAL LOUISIANA TECHNICAL COMMUNITY COLLEGE, ALEXANDRIA CAMPUS, RAPIDES PARISH WORKFORCE INDUSTRIAL TRAINING CAMPUS $19,000,000 CONSTRUCTION OF FACILITY 20) DELGADO COMMUNITY COLLEGE, RIVER CITY CAMPUS, WEST BANK, JEFFERSON PARISH TRAINING CENTER FOR TRANSPORTATION, MARITIME, ENGINEERING $14,000,000 CONSTRUCTION OF FACILITY 21)DELGADO COMMUNITY COLLEGE, AVONDALE, JEFFERSON PARISH ADVANCED MANUFACTURING CENTER OF EXCELLENCE $10,000,000 CONSTRUCTION OF FACILITY 22) LOUISIANA DELTA COMMUNITY COLLEGE, WINNSBORO, FRANKLIN PARISH TECHNOLOGY AND CAREER PROGRAM TRAINING CENTER $ 4,590,000 EXPANSION OF CAMPUS AND RENOVATION 23) LOUISIANA DELTA COMMUNITY COLLEGE, JONESBORO, JACKSON PARISH WELDING, VEHICLE OPERATION AND INDUSTRIAL TRAINING CENTER $ 2,700,000 EXPANSION OF CAMPUS AND RENOVATION 24) NORTHSHORE TECHNICAL COMMUNITY COLLEGE, LACOMBE, ST. TAMMANY PARISH TRAINING CENTER FOR INDUSTRIAL TECHNOLOGIES $ 9,000,000 CONSTRUCTION OF FACILITY 25) NORTHWEST LOUISIANA TECHNICAL COLLEGE, MINDEN CAMPUS, WEBSTER PARISH WORKFORCE DEVELOPMENT CENTER $ 2,250,000 CONSTRUCTION OF FACILITY 26) RIVER PARISHES COMMUNITY COLLEGE, GONZALES, ASCENSION PARISH CENTER FOR ADVANCE TECHNOLOGY $ 8,100,000 CONSTRUCTION OF FACILITY 27) SOUTH CENTRAL LOUISIANA TECHNICAL COLLEGE, RIVER PARISHES CAMPUS, RESERVE, ST. JOHN THE BAPTIST PARISH NEW PTECH BUILDING $ 3,888,000 CONSTRUCTION OF FACILITY 28) SOUTH CENTRAL LOUISIANA TECHNICAL COLLEGE, RIVER PARISHES CAMPUS, RESERVE, ST. JOHN THE BAPTIST PARISH CENTER FOR ADVANCEMENT OF TECHNICAL EDUCATION BUILDING $3,712,500 CONSTRUCTION OF FACILITY 29) SOUTH CENTRAL LOUISIANA TECHNICAL COLLEGE, YOUNG MEMORIAL CAMPUS, MORGAN CITY, ST. MARY PARISH MARINE OPERATIONS AND INDUSTRIAL SAFETY TRAINING CENTER $ 3,330,000 CONSTRUCTION OF FACILITY 30) SOUTH LOUISIANA COMMUNITY COLLEGE, LAFAYETTE CAMPUS, LAFAYETTE PARISH ALLIED HEALTH AND SCIENCE TRAINING PROGRAM BUILDING $15,000,000 CONSTRUCTION OF FACILITY 31) SOWELA TECHNICAL COMMUNITY COLLEGE, MAIN CAMPUS, LAKE CHARLES, CALCASIEU PARISH ONE STOP SHOP FOR STUDENT PROGRAMS AND SERVICES $ 7,200,000 CONSTRUCTION OF FACILITY. 22825807 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 5045447700 3850 N CAUSEWAY BLVD 1930 METAIRIE LA 70002 X STEPHEN C SMITH BOARD CHAIR 8.00 X X 0 0 0 LAMBERT C BOISSIERE JR BOARD SECRETARY/TREASURER 0.50 X 0 0 0 JUDGE U GENE THIBODEAUX BOARD DIRECTOR 0.50 X 0 0 0 BILLY WAYNE MONTGOMERY BOARD DIRECTOR 0.50 X 0 0 0 0 0 0 0 0 0 0 UNITED PROFESSIONALS COMPANY 3850 N CAUSEWAY BLVD SUITE 1930 METAIRIE LA 70002 CONSULTING SERVICES 188410 1 760430 262111 1022541 RENT FROM AFFILATED ORGANIZATION 532000 29594635 29594635 29594635 1534598 1534598 MISCELLANEOUS REVENUE 900099 53056 53056 53056 32204830 29594635 0 1587654 8799 8799 434184 434184 37829 37829 7616600 7616600 12403035 12403035 REPAIRS & MAINTENANCE 2212813 2212813 BAD DEBT EXPENSE 145346 145346 MISCELLANEOUS EXPENSE 5028 5028 GROUND LEASE EXPENSE 2 2 22863636 22825807 37829 0 50690644 47136212 145346 883178 457632024 97735913 350655804 359896111 1913564 15048989 0 419337525 407032323 4813984 2619537 305095741 285566321 309909725 288185858 X 100463411 116692861 8964389 2153604 109427800 118846465 419337525 407032323 9341194 77471 0 X X 0 1 X 1 0 X 12199110 8045352 2687114 1022541 23954117 12199110 8045352 2687114 1022541 23954117 23954117 2455927 474124 612678 2506871 1534598 7584198 84139 53056 137195 31675510 154463023 0.75620 0.74530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6962193 6962193 425732033 75548799 350183234 24937798 22187114 2750684 359896111 X 32282301 77471 77471 32204830 0 32204830 22863636 0 22863636 0 22863636 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ENTITY IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. THE CORPORATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES, IF ANY, WOULD BE INCLUDED IN INTEREST EXPENSE. A LA LOCAL GOVERN ENVIRONMENTAL FACILITIES COMMUNITY DEVELOPMENT AUTHORITY 721416168 546282D35 2014-12-18 146642051 TO REPAIR AND CONSTRUCT FACILITIES ON LA COMMUNITY AND TECH COLLEGE SYSTEM 0 1 0 B LA LOCAL GOVERN ENVIRONMENTAL FACILITIES COMMUNITY DEVELOPMENT AUTHORITY 721416168 54628CCR1 2017-10-24 106042828 TO REPAIR AND CONSTRUCT FACILITIES ON LA COMMUNITY AND TECH COLLEGE SYSTEM 0 1 0 C LA LOCAL GOVERN ENVIRONMENTAL FACILITIES COMMUNITY DEVELOPMENT AUTHORITY 721416168 54628CDC3 2017-10-25 24353451 TO REPAIR AND CONSTRUCT FACILITIES ON LA COMMUNITY AND TECH COLLEGE SYSTEM 0 1 0 D LA LOCAL GOVERN ENVIRONMENTAL FACILITIES COMMUNITY DEVELOPMENT AUTHORITY 721416168 54628CHK1 2018-12-19 76792300 TO REPAIR AND CONSTRUCT FACILITIES ON LA COMMUNITY AND TECH COLLEGE SYSTEM 0 1 0 A 146642051 1820811 1250739 143570501 0 0 0 1 B 106042828 1070528 269928 104702372 0 1 0 1 C 24353451 331491 61960 23960000 0 0 0 1 D 76792300 3617508 741371 333420 26179634 46069651 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 D 0 A LA LOCAL GOVERN ENVIRONMENTAL FACILITIES COMMUNITY DEVELOPMENT AUTHORITY 721416168 54628CKC5 2019-12-18 16630000 TO REPAIR AND CONSTRUCT FACILITIES ON LA COMMUNITY AND TECH COLLEGE SYSTEM 0 1 0 B LA LOCAL GOVERN ENVIRONMENTAL FACILITIES COMMUNITY DEVELOPMENT AUTHORITY 721416168 2021-10-01 150770000 TO REPAIR AND CONSTRUCT FACILITIES ON LA COMMUNITY AND TECH COLLEGE SYSTEM 0 1 0 A 19254485 237901 332530 504054 254383 17925617 0 0 0 1 B 150770000 1705985 0 1 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 FORM 990, PART VI, SECTION A, LINE 3 LCTCS FACILITIES CORPORATION CONTRACTS WITH CSRS SERVICES, INC TO MANAGE THE CONSTRUCTION OF THE LCTCS FACILITIES. THE CONTRACT FOR CSRS SERVICES, INC WAS SUBMITTED UNDER A COMPETITIVE BID PROCESS. CSRS SERVICES, INC IS AN UNRELATED ENTITY TO LCTCS FACILITIES CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY A PROFESSIONAL CPA FIRM AND SUBSEQUENTLY PRESENTED TO THE LCTCS FACILITIES CORPORATION BOARD FOR REVIEW AND ACCEPTANCE. FORM 990, PART VI, SECTION B, LINE 12C THE CORPORATION ANNUALLY REQUIRES ALL BOARD MEMBERS TO DISCLOSE ANY POTENTIAL PERSONAL OR BUSINESS ASSOCIATIONS WHICH COULD BE PERCEIVED AS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE CORPORATION IS GOVERNED BY A BOARD OF DIRECTORS, MEMBERS OF WHICH ALSO SERVE AS THE SOLE OFFICERS; THE CORPORATION DOES NOT HAVE TRUSTEES OR EMPLOYEES. PER SECTION 3.14 OF THE LCTCS FACILITIES CORPORATION BYLAWS, "COMPENSATION AND EXPENSES OF DIRECTORS. THE CORPORATION SHALL NOT PAY ANY COMPENSATION TO DIRECTORS FOR THEIR SERVICES RENDERED TO THE CORPORATION. THE CORPORATION MAY REIMBURSE DIRECTORS FOR REASONABLE EXPENSES ACTUALLY INCURRED IN THE PERFORMANCE OF THEIR DUTIES TO THE CORPORATION." FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 2C: THE AUDIT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEMS 265 SOUTH FOSTER DRIVE BATON ROUGE LA 70806 EDUCATIONAL LA 501(C)(3) 170(B)(1)(A)(V) N/A 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 LOUISIANA COMMUNITY AND TECHNICAL COLLEGE J 29594635 FMV LOUISIANA COMMUNITY AND TECHNICAL COLLEGE K 2 LEASE AGREEMENT