FOLLOW-UP REPORT: FRENCH MARKET CORPORATION USE OF FUNDS

October 26, 2016

Auditors found positive results during follow-up testing that demonstrated that the FMC implemented the majority of the 2013 report’s recommendations. All FMC sponsorship payments to other organizations included a cooperative endeavor agreement (CEA) which was in compliance with the Louisiana Constitution. The FMC also ended a lease agreement where it previously earned $1.00 per year, and instead, entered into a new lease agreement where the FMC collected approximately $180,000 in the first year.

https://nolaoig.gov/wp-content/uploads/2022/11/OIG-logo.png
Copyright © 2022 New Orleans Office of Inspector General
Contact
(504) 681-3247
525 St Charles Ave, New Orleans, LA 70130