An audit of Willard and Kelsey raises questions about how grant and loan funds from the state were spent before the solar firm went out of businesses.
The Ohio Development Services Agency, formerly the department of development, has asked the company to submit documentation for more than $1.3 million in payments made to two other companies also owned by Willard and Kelsey President Jim Appold. Also questioned is more than $500,000 in charges the agency says were made outside the duration of a $5 million loan the company received in 2008.
Monthly payments totaling $902,909.20 to E-Z Pak Co. from January, 2008 to December, 2008, were recorded as general ledger entries without documentation, the report states. Similar payments of $424,122.94 were made to Consolidated Biscuit Co. at the end of 2008.
The Ohio Development Services Agency, formerly the department of development, has asked the company to submit documentation for more than $1.3 million in payments made to two other companies also owned by Willard and Kelsey President Jim Appold. Also questioned is more than $500,000 in charges the agency says were made outside the duration of a $5 million loan the company received in 2008.
Monthly payments totaling $902,909.20 to E-Z Pak Co. from January, 2008 to December, 2008, were recorded as general ledger entries without documentation, the report states. Similar payments of $424,122.94 were made to Consolidated Biscuit Co. at the end of 2008.