LAC 19:VII.2117. Compliance Requirements of Project Firms

A. Each year, on the anniversary of the initial disbursement of funds, each recipient of funds shall provide the following: 1. list of all stockholders with the number of shares held by each at any time during the previous year; 2. monthly statement of financial condition including, but not limited to, a balance sheet, profit and loss statement, changes in financial condition, capital reconciliation; 3. current reconciliation of net worth; 4. one-year projected cash flow statement. Statement must be prepared on a month-to-month basis, accompanied with footnotes; 5. current personal financial statement of all principals; 6. annual (within 90 days of the end of the fiscal year) audited financial statement prepared by a certified public accountant; 7. current insurance policies.