Friday, April 4, 2008
C-C Youth Hockey treasurer resigns after funding irregularities
The treasurer of the non-profit Concord-Carlisle Youth Hockey (CCYH) organization, John Brozowski of Concord, resigned in March after borrowing and returning $60,000 from CCYH funds. According to CCYH president Ed Maron, “All the funds that were identified as being borrowed were returned, plus interest. We anticipate that that will be all there is.” He stated there was no impact on the children’s ice hockey or learn-to-skate programs. Brozowski, a certified public accountant, declined to comment when contacted by the Mosquito.
After the treasurer notified the board of the transactions and resigned, Maron said CCYH hired attorney Elizabeth Rheinhart, who has expertise in non-profit organizations. They notified the membership, the Attorney General’s office, league officials and the Concord Police. Asked if the non-profit planned to take any action against the former treasurer, Maron said that while it would ultimately be a board decision, “Generally, we’re not intending to press any charges, if the restitution that we’ve received is the full amount.” They will be hiring an auditor to conduct an extensive audit of past accounting.
Maron said that CCYH, like similar organizations of their size, had sometimes opted for simpler and less expensive annual financial review statements rather than full audits. This process was used to handle 2005 and 2006 records, though an actual audit had been planned for 2007.
Going forward, he said CCYH has taken practical steps to prevent financial irregularities in the future. For instance, they have re-implemented a dual signature requirement, so that two people will be needed to sign any large checks. Also, he said,“We’ve established a finance committee to work with the treasurer” and periodically review accounts.
According to Maron, CCYH would have been able to cover their expenses even if the money had not been returned. CCYH has an annual budget of approximately $240,000. Revenues are primarily through tuitions. An annual fundraiser also raises between $10,000 and $15,000. Maron explained the funds are used to pay for ice time, league expenses, hiring instructors for skating and stick-handling lessons, tournaments and equipment.
About 250 children, ages preschool through high school, participate in CCYH programs, which are held between September and April. This past year there were 14 travel hockey teams, as well as non-travel hockey. Maron estimates that roughly 15 to 20% of the children enrolled live in Carlisle. ∆
© 2008 The