State audit says Convention & Visitors Bureau needs to tighten up spending reports
CHATTANOOGA (WDEF) – The Tennessee Comptroller’s Office says that the Chattanooga Convention and Visitors Bureau needs to improve their accounting of public money.
They have recommendations for the board of directors after their annual review of the County’s hotel/motel taxes.
The report has 3 findings.
1) CVB did not maintain detailed receipts for 36% of the credit card charges examined by auditors.
2) CVB not making written reports to County Mayor and Commission as required
3) CVB not adequately documenting how gifts cards received by local businesses are used
The report finds that CVB’s overall procedures are “very general.”
Auditors suggest that the board should tighten up policies for spending on meals, retirement gifts and other miscellaneous expenses.
“The Chattanooga CVB receives nearly all of its funding from hotel and motel taxes,” said Comptroller Justin P. Wilson. “It’s vital that taxpayers have confidence that this money is used to promote the CVB’s mission. That assurance can be achieved if employees are following detailed policies on how money should be spent.”
To view the Chattanooga CVB report, click here.