As mentioned in my September article, PORAC fared well during our audit of the prior year’s financials. However, we did receive a management letter from the auditor noting a couple areas of concern. Our Finance and Administrative Manager, Kim Busman, refers to the management letter as a report card of her ability to properly manage PORAC’s finances. Therefore, she equates anything above the segregation of duties issue as needing to be remedied immediately.
Marcelo Blanco PORAC Treasurer Budget in the Works PORAC’s Budget Committee — composed of Executive Committee Directors Barry Donelan, Randy Beintema, Anthony Sanders, Laren Leichliter and I — has been busy through this budget cycle. The committee continued to focus on areas of the budget where we felt the organization could be more efficient. Fortunately, […]
Marcelo Blanco PORAC Treasurer It’s Budget Time Last year’s audit is in the wrap-up stages. It appears that your PORAC financial team was able to gauge our income and expenses fairly well. When you deduct our unrealized gains and losses on our investments, we ended up with a surplus. By the time you read […]