Audit 404559

FY End
2025-12-31
Total Expended
$1.37M
Findings
0
Programs
1
Organization: Innis Water Corporation, Inc. (LA)
Year: 2025 Accepted: 2026-06-24

Organization Exclusion Status:

Checking exclusion status...

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
10.760 WATER AND WASTE DISPOSAL SYSTEMS FOR RURAL COMMUNITIES $1.37M Yes 0

Contacts

Name Title Type
LMSFUEDJEBL1 Janet Carroll Auditee
2254922399 Jim Fairchild Auditor
No contacts on file

Notes to SEFA

The expenditures noted above for the Water and Waste Disposal Systems for Rural Communities are related to a loan with an original amount of $1,571,000. The loan balance at December 31, 2025 was $1,338,671. Monthly payments to the USDA are made in the amount of $5,593 and began in October of 2016. This loan is scheduled to be repaid over a period of 40 years at an interest rate of 2.875%.