Homer
Homer, LA · Business
The Center Square
Audit: Lincoln Prep fell short of debt requirements
(The Center Square) – Lincoln Preparatory School fell short of financial requirements tied to its debt and had $257,546 in unpaid bus lease obligations, according to a Louisiana Legislative Auditor report dated Aug. 6. The Grambling High Foundation, which operates Lincoln Preparatory School, failed to meet two financial covenants required under its bond agreement, auditors found. The school had 23 days of cash on hand, below the required 45 days, and a debt-service coverage ratio of 0.92, below the required 1.00. Failure to meet the covenants could result in accelerated repayment, penalties, additional financial restrictions or other adverse financial consequences, according to the audit. Management told auditors it was working with the bond trustee or lender to obtain waivers for the covenant violations. For the fiscal year, Lincoln Prep reported approximately $12.35 million in revenue and $14.04 million in expenses, resulting in a $1.69 million decrease in net assets. Auditors identified several other financial and internal-control deficiencies. Lincoln Prep had an active lease for 19 buses, although its records showed only 14 buses in service. The school also had $257,546 in unpaid or late bus lease payments at the end of the fiscal year. Management reached an agreement with the
shreveportbossieradvocate.com
South Shreveport focus of more Haynesville Shale drilling, new APEX request
People who live or work in south Shreveport could be seeing more drilling activity in the near future. APEX Natural Gas LLC has made an application with the Louisiana Department of Conservation and Energy for approval of five ‘cross-unit’ horizontal wells. The zone most affected includes an area...
shreveportbossieradvocate.com
Shreveport’s Far End District becoming less far, more ‘in’
Business activity has popped up in a part of Shreveport that for years has been mostly devoid of it. The Far End District stretches along Texas Avenue from roughly the ‘Eleven’ event center at 1529 Texas Ave. to the Lakeshore Drive intersection. Along the way are a recently developed breakfast restaurant, a coffee shop, outdoor venues, and bars. Around the corner on Pierre Avenue is the 90-year-old Herby K’s restaurant.
downtownshreveport.com
Find it downtown: 864 Texas Ave.
864 Texas Avenue is an investment opportunity in the Shreveport Common district nestled between the Municipal Auditorium and Caddo Common Park. Once the home of New York Furniture, the property is now ready for someone with a new vision. The building is approximately 12,000 sq. ft., lots 4, 5, 6, & 7, plus green space. Zoning is D-1-AC (Downtown Arts and Culture Subdistrict). Asking price is $190,000.
KTBS
Fall market brings shoppers and vendors to Grand Cane
GRAND CANE, La. — Shoppers will have the chance to browse handmade goods, antiques, fall decorations and early Christmas gifts during the Historic Grand Cane Fall Market on Saturday in downtown Grand Cane. The event, sponsored by the Grand Cane Merchants Association, will run from 9 a.m. to 2...
insideradio.com
Connoisseur Media Shuffles Shreveport Leadership Team.
Connoisseur Media has promoted Greg Hanson to Market Manager and named Paul Cannell Operations Manager for its Shreveport, LA, cluster, which includes urban AC “Hot 102” KDKS (102.1), classic rock “98 Rocks” KTAL (98.1), urban contemporary “103.7 Tha Beat” KBTT, classic hits “The River 95.7” KLKL and inspirational gospel KOKA/K227CY (980/93.3).
shreveportbossieradvocate.com
West Shreveport data center general contractor chosen, work begins soon
E.E. REED East Coast has been chosen as the general contractor for the Resilient Technology Park; The Shreveport Bossier City Advocate has been told. REED is the same contractor chosen by developer STACK Infrastructure to oversee the construction of the Stateline Road AWS data center near Blanchard in Caddo Parish.
westcentralsbest.com
Boil advisory issued for Haughton area following water main break
HAUGHTON, La. — A boil water advisory has been issued for Village Water System customers in Haughton after a contractor's crew struck a water main. The break occurred near the intersection of Highway 614 and Stewart Road when a 2-inch water line was damaged. Crews completed repairs and submitted water samples to the Louisiana Department of Health laboratory in Shreveport for testing.
wealthsolutionsreport.com
RFG Supports WFA, Volare Merger To Form $750 Million Firm
RFG Advisory on Wednesday announced that WFA and Volare Wealth Advisors had merged to form WFA Volare, a wealth management firm managing over $750 million in client assets. Both firms had operated within the RFG community for several years, RFG said. WFA Volare has a 16-person team serving several markets....
magnoliareporter.com
Patriot Rail names Jason Bradt new chief operating officer
Patriot Rail Company has announced the appointment of Jason Bradt as chief operating officer. Patriot Rail plans to expand its railroad, transload, logistics, and excursion operations across the United States. Louisiana & North West Railroad is part of the company. The L&NW line runs from McNeil, AR, to Gibsland, LA.
desotoparishjournal.com
DeSoto 4-H members bring home top honors from red, white and Bossier show
DeSoto Parish 4-H members turned in an impressive showing at the recent Red, White, and Bossier Show, earning multiple championship and showmanship honors across several livestock species. DeSoto 4-H celebrated the performances of its young exhibitors, who competed in swine, cattle and goat events. Landri Jeter earned Champion Market Hog...