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In accordance with R.S. 39:1310, the public entity shall, in an open meeting, adopt a budget amendment whenever it discovers or receives a written report in accordance with R.S. 39:1311 that its revenues will be less than budgeted; expenditures greater than budgeted by 5%; or more or when there is a change in operations.
In other words, the entity must amend the budget as soon as possible upon determining there is a revenue shortfall or that expenditures are exceeding budgeted amounts. This should be accomplished prior to end of the fiscal year.
Louisiana Legislative Auditor website: 08/09/2025 12:59:17 AM
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