The detailed financial Audits for 2019 and 2020 have been posted.
The Board and Officers all have a fiduciary responsibility to manage your money while bringing you opportunities to enjoy golf with your Metro Seniors friends. We must account for your money completely, fairly and accurately. Proper financial controls and documents are critical.
The Audits or 2019 and 2020 identified significant problems and made recommendations to resolve these. These included inadequate control, approval and documentation for course contracts, prize distribution, and budget control.
Most of the current problems have centered on Metro Plus management. However, similar issues are included in a variety budgeted items in administration for all of Metro Seniors.
The Board and Treasurer have not been provided with proper documentation, review, approval, and use of course contracts for comparison to invoices or receipts. Further, terms and conditions – minimum guarantees, cancellation terms, deposit terms and details ae unknown. As a result, all of Metro Seniors may be exposed to significant liabilities.
We had similar issues several years ago with Special Events. With changes in leadership and financial controls the issues were resolved quickly. Now Special Events operations are a model of good governance, excellent financial control, and transparency and efficiency for prize payments and refunds.
The same management and financial control must be implemented for Metro Plus.