Audit: Misappropriation of funds, negative fund balances in Shreveport

(The Center Square) – An audit conducted by the Louisiana Legislative Auditor found that in the 2024 fiscal year, the city of Shreveport had instances of fund misappropriation, eight fund balances in the negative and a $1.6 million IRS penalty.

Major weaknesses and deficiencies were found in several major programs throughout the city. There were 12 total findings in the city’s audit report, four of which were repeated from previous years.

Despite repeated findings, new issues revealed the misappropriation of assets by a Shreveport police officer. This officer, previously under investigation by Internal Affairs, was paid $4,317.22 with city funds. The person is no longer employed by the city and has agreed to pay restitution…

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