Question:
I am the
newly elected President of my local unit, and I have discovered that my
predecessor did not appoint a financial review committee. Should I ask him to do so now? Also, from my quick look at the records, it
appears that some items are missing—what should I do about those.
Answer:
Because you
are now the President of your unit you are the person authorized to appoint a
financial review committee. Once you
have made the appointment, the review committee should be given the financial
records that you have, and the committee should note in its report what items,
if any, are in fact missing. Sometimes
it’s just a matter of incomplete documentation, but other times the absence of
information to support an expenditure could indicate a more serious issue, so
until the review has been completed and the report submitted it’s difficult to
advise what other steps—if any—you should take.
The review committee’s reports should include recommendations about how
to make sure the unit’s financial records are complete going forward.
