Michael Atherton said:
"If we assume 70 neighborhoods spent NRP dollars over ten years and did so in a way that keep them just under the $50,000 threshold for a "full" audit...."
But...
He misses the point that the audits done when less that $50,000 was spent in one year are NOT a euphemism for
"no audit at all." What's done is clearly designed to ensure that money isn't being wasted by misadventure
or intent. And auditors being what they are, they always have recommendations to tighten up accounting procedures even when they were there only the year before. Ask the treasurer of any neighborhood group. I'm
sure that they would all say that all audits serve there purpose to ensure that public money isn't being
mis-spent.
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