I'm the treasurer of the Williamson Museum and also evaluate grants of those who request funding from the City of Round Rock. The museum has been hamstrung from getting several grants because it has never done an audit. The city requests at least a "letter audit" from each non-profit requesting funding in addition to the 990. The museum is just now getting a letter audit, and for this go-round the CPA is also noting steps we can take to function a bit better. It is just good business, especially if you are handling a lot of funds from diverse sources. A lot of places can not afford a full audit. THe letter audit costs about $2,000. ________________________________ From: [email protected] [[email protected]] On Behalf Of Barbara Crossno [[email protected]] Sent: Saturday, October 03, 2009 12:56 AM To: Laurie Mahaffey; [email protected] Subject: Re: [ctls-l] Audits
We are non-profit, and in the past have tried to audit ourselves, and it hasn't worked very well. This year, we hired an outside auditor, to do the audit, and also set in place a system so we can do a meaningful audit ourselves. We thought it a good idea to put something fairly professional in place while everything is running smoothly. Barbara Crossno Board member Fairfield Library Association ----- Original Message ----- From: Laurie Mahaffey<mailto:[email protected]> To: [email protected]<mailto:[email protected]> Sent: Friday, October 02, 2009 12:57 PM Subject: [ctls-l] Audits A non-profit member library would like to know if other non-profit libraries are audited annually. There is no problem or concern; the question was raised at a recent board meeting. Please reply to the list. Thanks! Laurie Laurie Mahaffey, Deputy Director Central Texas Library System, Inc. 1005 West 41st Street Austin, Texas 78756 www.ctls.net<http://www.ctls.net> [email protected]<mailto:[email protected]> 512-583-0704 x18 800-262-4431 x18
