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Tricentennial committee presses fundraising arm for clearer spending rules, monthly reports
Summary
Committee members said they need a formal process for approving fundraising expenditures and agreed to invite fundraising leaders to the next meeting to define approvals, reporting and a paper trail.
Tricentennial Committee members on July 16 pressed the group—s fundraising arm to set up clearer spending rules and regular reporting as the committee prepares to commit money to large events such as the parade and muster. The committee agreed to ask fundraising leaders to attend the next meeting to resolve approval and tracking procedures.
The committee said the issue matters because the fundraising team operates under a 501(c)(3) separate from the town committee and is already preparing to spend money to raise money. Without a…
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