Re: SchedulesJune 19 2009 at 10:32 AM
Response to Re: Schedules
A non-profit the size of the GTHL should have an audit committee made up of stakeholders (GTHL execs, parents rep, owners reps, and the citys/towns that provide subsidized resources).
Volunteer organizations are the size of a small business but run with the efficiency of large bureaucracies. Decisions are more influenced by lobbying than practical needs or economics, non-arms-length dealing is common, and small groups organize to protect turf for their benefit as opposed to the benefits of the stakeholders they serve. That's nothing new, that's the way is is.
Audit committees work like the Auditor General in government. They benefit the constituents by keeping an eye on the books, deals, contracts etc. They also evaluate and make recommendations on major financial issues, like gate fees, to make sure they benefit the members, not the owners and management.
The GTHL needs an independent Audit Committee.