The Louisiana Legislative Auditor’s Office and the state Treasury have recognized greater than $1.9 million in questionable bills made throughout the federally funded Main Street Recovery Program.
The LLA says the Treasury didn’t constantly observe its insurance policies and procedures for all grants awarded via this system, even though Treasurer John Schroder says the velocity of fallacious bills used to be smartly under the nationwide reasonable for equivalent techniques.
The $275 million program started taking packages on July 1, 2020, and issued the ultimate award in January 2021. Demand letters issued on account of the LLA audit, call for letters self-imposed via this system, and fraudulent bills referred to the Office of the Inspector General totaled $1,942,495 of the $262 million passed out, officers say.
The LLA additionally analyzed Treasury-managed state property and debt on June 30 in each and every of the 5 most up-to-date fiscal years. Assets, which totaled $14.2 billion for fiscal 12 months 2021, have constantly greater since fiscal 12 months 2017 because of working surpluses and federal pandemic help gained in fiscal 12 months 2020 and monetary 12 months 2021. Debt has fluctuated between $6.6 billion and $6.9 billion throughout fiscal years 2017 via 2021, the auditor’s administrative center reviews.