JEFFERSON PARISH, LOUISIANA

MANAGEMENT'S DISCUSSION AND ANALYSIS

Year Ended December 31, 2013

As financial management of Jefferson Parish (the Parish), we offer readers of these financial
statements a narrative overview and analysis of the financial activities of the Parish for the fiscal
year ended December 31, 2013. Please read it in conjunction with the Letter of Transmittal and the
Parish's financial statements. All amounts, unless otherwise indicated, are expressed in thousands
of dollars.
FINANCIAL HIGHLIGHTS

Total net position of the Parish was $1,902,618 in 2013 compared to $1,768,606 in 2012
representing an increase of $134,012 or 7.6%. Of this amount, $129,530 is considered
unrestricted net position and may be used to meet the government's ongoing obligations to
citizens and creditors.

At the close of 2013, the Parish's total governmental funds reported ending fund balances
of $525,030 compared to $513,186 in 2012, a net increase of $11,844 or 2.3%, of which,
$14,374 and $14,702, respectively, are available for spending at the government's
discretion (unassigned fund balance).

At the end of 2013, the Parish's total fund balance for the general fund was $25,967
compared to $25,284 in 2012 representing an increase of $683 or 2. 7%. Of these
amounts, $24,286 and $23,429, respectively, are unrestricted (the total of committed,
assigned and unassigned components of fund balance) or 28.3% and 27.5%, respectively,
of total General Fund expenditures. Fiscal policies require a minimum fund balance of 10%
of budgeted operating expenditures.

The total Parish's outstanding debt for governmental activities decreased to $464,750 from
$526,918 representing a decrease of $62,168 or 11.8% from the prior year due to efforts to
pay down or refund existing bond debt, and the full cancellation of $54,810 in Special
Community Disaster Loans ("SCDL") by the Federal Emergency Management Agency
("FEMA").

OVERVIEW OF THE FINANCIAL STATEMENTS

The discussion and analysis provided here are intended to serve as an introduction to the Parish's
basic financial statements which consist of three components: 1) government-wide financial
statements, 2) fund financial statements, and 3) the notes to financial statements. This report also
includes supplementary information intended to furnish additional detail to support basic financial
statements themselves.
Government-wide financial statements:
The government-wide financial statements are
designed to provide readers with a broad overview of the Parish's finances in a manner similar to
private-sector businesses.
The statement of net position presents financial information on all of the Parish's assets and
liabilities, and deferred inflows/outflows of resources, with the difference between the two reported
as net position. Over time, increases or decreases in net position may serve as a useful indicator
of whether the financial position of the Parish is improving or deteriorating.
The statement of activities presents information showing how the Parish's net position changed
during the most recent year.