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No irregularities in OPED 2021 audit

by Bradly Gill | September 30, 2022 at 5:00 a.m.

An audit of the Ouachita Partnership for Economic Development found no irregularities, according to accountant Aaron Brock, who presented the report on behalf of Parks & Company PLC at Wednesday's OPED meeting.

The independent audit was conducted for the year ending Dec. 31, 2021.

"There were no odd findings, nothing wrong with the financial statements," Brock told the OPED board.

The report shows that OPED received $190,000 from the City of Camden and $100,000 from Ouachita County, which, combined, represented 87% of OPED's revenue for 2021.

OPED provided $47,792 in industry incentives, which were paid to Lockheed Martin as part of the Industry Incentive Program that rewards existing and relocating manufacturers that increase employment in Ouachita County.

The report listed costs for employee salaries, benefits and taxes at $133,733 and total functions and expenses at $292,9250.

Brock indicated that the reports had been signed off on by Executive Director James Lee Silliman and that OPED was fully cooperative with the audit.

Print Headline: No irregularities in OPED 2021 audit

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