The Bossier City Council is set to consider an ordinance that would prevent city funds from going to any organization that is noncompliant with state financial reporting laws.
If passed into law, it would prevent city money from going to any organization on the Louisiana Legislative Auditor’s noncompliance list, which is the agency’s running list of entities that aren’t in compliance with Louisiana’s Audit Law. The Audit Law requires governments and nonprofits that receive public money to submit financial records, reports or audits annually to the LLA depending on their revenue.
Being on the noncompliance list makes an organization legally ineligible for state grants or federal grants administered by the state, but it doesn’t necessarily make them ineligible for money from local governments. The LLA advises local governments against extending funding to noncompliant entities, but it isn’t legally required…