Concordia Parish Economic and Industrial Development District’s total net assets were $232,559, according to a recently released Louisiana Legislative Audit.
Total net assets are the value of a company’s or government agency’s assets minus its liabilities.
The audit reported $151,501 of cash in its general fund and $87,838 of receivables.
General fund liabilities numbered $6,789.
According to its state of activities, the general fund’s largest expense was personal services and related benefits totaling $25,033.
Occupancy tax was Concordia Parish Economic and Industrial Development District’s largest revenue source at $87,838, according to the audit.
The agency’s head was Buz Craft and he received no compensation.
The audit was performed by A. Michelle Ferguson, CPA, LLC of Ferriday and listed no finding.
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.