Covering Louisiana

Jul 10, 2013 1:03 PM by AP

Council agrees to collect from financial adviser

SHREVEPORT, La. (AP) - A two-year Shreveport City Council investigation into possible overpayments made to financial adviser Calvin Grigsby could soon conclude.

On Tuesday, The Times reports the council voted to collect $53,450 from Grigsby for his billing of 2011 bond work as three transactions instead of one. The finding was one of 13 questionable expenses totaling $677,333 identified in a council-sanctioned external audit.

Councilman Oliver Jenkins, who put forth the amendment, said he was dissatisfied with information presented to justify the hours and travel worked.

Grigsby has been the subject of council-sanctioned internal and external investigations since late 2011.

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