Home Blog Blog Our first audit - YAY!
Our first audit - YAY!
Written by Claire Knowlton   
Monday, 19 July 2010 09:19

That's right, McGroarty Arts Center is undertaking our first-ever audit.  And no: that "YAY!" in the title isn't sarcasm.  To most of people the word "audit" conjures images of cold IRS workers storming into your office, turning your business inside-out, and essentially ruining your day.  But in the nonprofit world, it's not that at all.  Hiring an outside accounting firm to audit McGroarty marks a big step in the growth and transparency of the center.  The accounting firm looks into the books and runs a series of tests to make sure all money is being handled properly - to make sure YOUR money is being handled properly.  Remember that McGroarty is funded, in large part, by donations from the community.  Completing an audit is the best way we can demonstrate to all our donors that your money went right where it was supposed to go: to providing access to the arts in Sunland-Tujunga and surrounding communities.

Yes, it's a lot of work.  But we think it's worth it.  Not only does an audit verify the accuracy of our reports to you, it also let's McGroarty apply to a whole bunch of grant-makers who only fund organizations that have been audited.  In other words, all this work might lead to some big grants down the road.  When the audit is complete, it will be posted on our website so you can see for yourself that McGroarty's staff and board is managing your investment in the arts wisely, just as you would expect.

 

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