1. A. Each year, on the anniversary of the initial disbursement of funds, each recipient of funds shall provide the following:

   1. 1. list of all stockholders with the number of shares held by each at any time during the previous year;
   2. 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. 3. current reconciliation of net worth;
   4. 4. one-year projected cash flow statement. Statement must be prepared on a month-to-month basis, accompanied with footnotes;
   5. 5. current personal financial statement of all principals;
   6. 6. annual (within 90 days of the end of the fiscal year) audited financial statement prepared by a certified public accountant;
   7. 7. current insurance policies.

Authority Note

AUTHORITY NOTE: Promulgated in accordance with R.S. 51:2331.

Historical Note

HISTORICAL NOTE: Promulgated by the Department of Economic Development, Economic Development Corporation, LR 15:462 (June 1989).