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Old 04-25-2011, 09:28 AM   #715
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Coloradobus,

I was told that this provision has never been enforced, at least as a accounting professional or business person would define "audit" and that an independent audit would cost too much. Therefore the requirement was eliminated.

But then this discussion should probably take place in the new constitution thread, so as to not hijack this thread.

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What's up in the Revised Constitution that there is no provision for an International Treasury Annual audit? Please don't anyone give the reason for it being covered in the new Bylaws if the Constitution is passed. The more and more this excuse is use, the more I feel like Dorothy in the Wizard of OZ seeing the Wizard exposed when Toto pull the curtain away hiding the Wizard who is shown pulling levers.
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Old 04-25-2011, 10:48 AM   #716
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Quote:
Originally Posted by Coloradobus View Post
What's up in the Revised Constitution that there is no provision for an International Treasury Annual audit? Please don't anyone give the reason for it being covered in the new Bylaws if the Constitution is passed. The more and more this excuse is use, the more I feel like Dorothy in the Wizard of OZ seeing the Wizard exposed when Toto pull the curtain away hiding the Wizard who is shown pulling levers.
The info I got in person from a committee member is that the cost of an audit by an outside firm is many thousands of dollars. That the idea was to do it every 3 or 4 years and use an internal review in between.. Doesn't sound that unreasonable to me.
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Old 04-25-2011, 11:00 AM   #717
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I throw my support behind "the radical few "who I believe are truly concerned about saving the WBCCI , The club that has lost 80% of it's membership over the last 34 years. The radical few are still dues paying members.
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Old 04-25-2011, 11:08 AM   #718
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Throw away. They are also causing a lot of people to leave.
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Old 04-25-2011, 11:31 AM   #719
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This subject has been discussed, a Review Audit from an outside independent CPA firm was estimated to be $4,000, on an annual basis
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Old 04-25-2011, 11:33 AM   #720
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I'm not sure why people think we have to keep changing things. Did we need to change the name "no", did well need to allow other MOHO's into the club "no", do we need a whole new Constitution "no". Should we give members some oversight into the spending of the club "yeh most think so" and should MAL's be allowed to vote "yeh most think so".



So I'm not real sure why everyone thinks we need all these great changes. Quit trying to fix the club by making all these great changes. Get control of your spending, allow MAL's to vote and make it a more relax place to align with todays way of camping and the club will be fine. All other aspects of the club has worked well for over 50 years so leave it alone.
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Old 04-25-2011, 11:59 AM   #721
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Bob,

In the profession, a Review and an Audit are different. The scope is different, the opinion is different, the work is different. What is obtained for $4000, a review or an audit or a compilation?

When the club would spend $27,000 to expel a member, what is $4,000, if it gives the members comfort in the financial statements?

Bill

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This subject has been discussed, a Review Audit from an outside independent CPA firm was estimated to be $4,000, on an annual basis
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Old 04-25-2011, 12:16 PM   #722
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That's a review, an audit was estimated at 18K, those are OH costs.


A not for profit really doesn't require or justify an audit in speaking with several firms.
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Old 04-25-2011, 12:19 PM   #723
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Any not for profit or a not for profit the size of the WBCCI?

Bill

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That's a review, an audit was estimated at 18K, those are OH costs.


A not for profit really doesn't require or justify an audit in speaking with several firms.
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Old 04-25-2011, 12:26 PM   #724
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I don't have any questions about the honesty of the members/officers handling our finances and would be happy with some kind of an internal review.

I do have concerns about how a lot of it is spent, but an audit would not affect those poor decisions
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Old 04-25-2011, 12:32 PM   #725
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The midwinter IBT rally would be a good reporting to make.
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Old 04-25-2011, 12:34 PM   #726
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Any not for profit or a not for profit the size of the WBCCI?

Bill
The size of the WBCCI and activity or number and type of transactions.
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Old 04-25-2011, 12:36 PM   #727
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The midwinter IBT rally would be a good reporting to make.
Not necessarily, it depends on the fiscal year end I believe.

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Old 04-25-2011, 12:39 PM   #728
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I mean I would like to hear a Midwinter IBT rally report. I don't think that is normally given along with the other rally reports. To keep spending in check a review might be advantageous.
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