Shreveport audit findings: $1.6M IRS penalty, SPD misappropriation, payroll deficiency

SHREVEPORT, La. -- The city of Shreveport last year was assessed $1.6 million in penalties and interest by the IRS for failing to file a required Affordable Care Act form in a timely manner, in addition to improperly paying two now-former police department employees.

That's according to the city's annual audit released Monday by the Louisiana Legislative Auditor's Office .

The city's independent auditor noted the findings in fiscal year 2024 and reported it to the LLA. Of the 12 findings, four were repeated from the previous year.

Here's a closer look at the breakdown from the audit report:

IRS penalties

During the 2023 audit, the city received notice from the IRS that it failed to timely file IRS Form 1095-C for calendar year 2021, as required under the Affordable Care Act. As a re