Posted on June 23, 2022
The Louisiana Legislative Auditor contends the Coastal Protection and Restoration Authority is not complying with requirements to monitor federal funds it disperses, though agency officials disagree with that assessment.
Louisiana Legislative Auditor Mike Waguespack issued an audit report last week that examined CPRA finances, internal controls over financial reporting and compliance and whether the agency complied with applicable laws and regulations in Fiscal Year 2021.
The one significant finding came in regards to monitoring requirements for funds disbursed through the Gulf of Mexico Energy Security Act. Of CPRA’s $73.8 million in expenditures, $60.9 million went to coastal political subdivisions, local groups reimbursed by CPRA for infrastructure construction, levee improvements, engineering and design work and real estate acquisition.
