Tommy
Well-known member
.Bombshell!! NCBA's Checkoff Billing Errors Now Total $305,000
11
Jun
The ongoing financial review following-up on the Clifton-Gunderson firm's financial review of NCBA has, as of June 1, turned up another $88,421 in beef checkoff billing errors bringing the current total of billing errors to $305,365. The ongoing compliance review is examining fiscal years 2008 – 2010.
$216,944 was repaid to the CBB by NCBA in January 2011. An additional $8,364 involving travel and overhead expenses improperly charged to the CBB and the Federation, was reported to CBB members at their Denver convention in February 2011.
The $80,057 in additional billing errors recently uncovered and now being reported involves sponsorship revenues and meeting registration fees which were improperly credited to the NCBA for events or activities that were paid for with checkoff funds. In other words, the beef checkoff paid for an event at which registration fees were required to attend and guess what? NCBA credited the revenue to itself instead of the checkoff.
That lump under the rug where things have been swept is getting bigger!
11
Jun
The ongoing financial review following-up on the Clifton-Gunderson firm's financial review of NCBA has, as of June 1, turned up another $88,421 in beef checkoff billing errors bringing the current total of billing errors to $305,365. The ongoing compliance review is examining fiscal years 2008 – 2010.
$216,944 was repaid to the CBB by NCBA in January 2011. An additional $8,364 involving travel and overhead expenses improperly charged to the CBB and the Federation, was reported to CBB members at their Denver convention in February 2011.
The $80,057 in additional billing errors recently uncovered and now being reported involves sponsorship revenues and meeting registration fees which were improperly credited to the NCBA for events or activities that were paid for with checkoff funds. In other words, the beef checkoff paid for an event at which registration fees were required to attend and guess what? NCBA credited the revenue to itself instead of the checkoff.
That lump under the rug where things have been swept is getting bigger!