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Post by virginiashanahan on May 17, 2011 7:59:55 GMT -6
This was a financial review - not an actual audit - conducted by POA Accountant Boe Strange for a one year period: January 2010 - February 2011. Though the results were briefly discussed in February 2011 minutes, at the time of this posting, the POA has not made these reports readily available to the POA membership. Attachments:
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Post by virginiashanahan on May 17, 2011 8:00:49 GMT -6
Second part of Financial Review. Attachments:
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Post by skipgrizzle on May 17, 2011 10:05:26 GMT -6
Based on the Financial Review documents from January 15th and February 7th, it should be obvious to anyone that there are serious issues with the financial management within the POA. Paying bills without invoices, lack of proper check authorization procedures, disappearing checks. These issues are a lot more serious than the disagreements between rival factions that are prevalent within Dauphin Island politics as evidenced by a lot of posts on this forum.
It doesn't take a professional accountant to know that proper authorization and documentation should be required before spending any organization's money. One of the points was that the POA doesn't even have a workable filing system for payables and closed invoices and the accountant would conduct a training session on this.... Give Me A Break! If a private business received this kind of report card, anyone with responsibility for these duties would immediately be shown the exit door! (and rightly so).
I have always paid my annual dues without question.... that is until now. The POA won't get another dime from me until this ridiculous circus is closed down!
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Post by virginiashanahan on May 17, 2011 17:59:24 GMT -6
That's why I won't pay either.
Heck, as word of this spreads the POA Board will be lucky if people don't start demanding refunds.
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