Wednesday, July 13, 2016

Margate Florida Monitoring of Charity Leads To $500,000 Loss

by Gary Snyder

The Broward Office of the Inspector General issued a report that accused Margate (FL) city officials of "gross mismanagement" in losing nearly a half-million dollars to a nonprofit.
The city had an arrangement with the Alzheimer's Family Center for decades to take care of its bookkeeping, and pay its bills out of public money and then be reimbursed as the center raised money through fundraising.
The report said city staff noticed the debt mounting but never said anything internally until the debt reached $300,000, and even then the City Commission wasn't told.

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