Foundation leaves trail of unfulfilled promises Comments on Stories, posted by , a resident of , on Jun 15, 2012 at 10:58 am
The Tri-Valley Community Foundation seems to have been offering more hype than help to the area. As [Web Link reported earlier], the foundation is $3 million in debt and is likely to close by the end of this month. Further investigation shows claims on the TVCF website that are either exaggerations or falsehoods.
Read the full story here Web Link posted Thursday, June 14, 2012, 5:20 PM
Posted by Concerned Citizen, a resident of Dublin, on Jun 15, 2012 at 10:58 am
Sorry, but the board members saying they are sorry is not acceptable. Did the Board Treasuer ever reconcile the Bank Accounts against the budget? How could the CEO write checks without approval for years without any Board oversight? The Board wants us to believe that they were duped. In reality, they just were not paying attention. Or worse, they didn't have the basic knowledge to indentify irregularities and spot signs of trouble. It's easy to blame the CEO for all the problems, I it appears that he is culpable. But who was gaurding the henhouse?