<body><div><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=2BK1z4_1GhZwloN00" alt="https://img.particlenews.com/image.php?url=2BK1z4_1GhZwloN00" width="1280" height="990" >BATON ROUGE, La. (KLFY) — The Town of Grand Coteau has been repeatedly alerted by the state of problems in its accounting and other procedures, and many have not been resolved in the latest audit.The audit, released Monday by the Louisiana Legislative Auditor’s Office, was performed by the accounting firm of Kolder, Slaven and Company in Ville Platte for the fiscal year ending June 30, 2025.Of the 14 issues noted in the prior year’s audit, 12 of them were considered unresolved by auditors, including not completing its own audit until after the deadline imposed by state law.Also unresolved according to the auditor was the town not following its own rules for cutting off utility services for nonpayment. “During a test of utility accounts of the Town’s customers, it was noted that some accounts are not being paid in full or timely, and the customers, including employees and Town officials, continue to receive service in violation of the Town’s utility cut-off policy and are not charged alate fee in all instances,” the audit reads. The auditor said that issue was first noted in 2021.Auditors also noted that the town’s utilities operated at a loss in the fiscal year covered.“Failure to make a profit on utility sales could result in the Town not having resources to pay current expenses,” the audit reads. “The Town should consider increasing utility rates and/or decreasing expenses in order for the utility system to operate on a profitable basis.”Several of the recurring issues involved a lack of adequate segregation of functions within the town’s accounting system, which the town has repeatedly answered by saying it believes “it is more cost effective to determined that “it is in the best interest of the Town to outsource this task to its independent auditors.”The two issues that the audit noted were resolved were timely payment of vendor invoices and compliance with monthly meeting requirements.Read the audit in its entirety below.</div></body>

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BATON ROUGE, La. (KLFY) — The Town of Grand Coteau has been repeatedly alerted by the state of problems in its accounting and other procedures, and many have not been resolved in the latest audit. The audit, released Monday by the Louisiana Legislative Auditor’s Office, was performed by the...

Latest Grand Coteau state audit notes several recurring issues not addressed

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