Finding Text
Criteria: All expenditures should be approved by the Board of Directors.
Condition: There were expenditures that were not approved by the Board of Directors.
Cause: There was a timing difference from when the check listing was generated for the Board approval and certain pay runs were not included on the listing when it was provided to the Board for approval.
Effect: Expenditures were paid without Board approval.
Questioned Cost: $39,625
Recommendation: We recommend that the expenditure listing report provided to the Board of Directors include all checks included in the specific date range.