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Early-childhood nonprofit says city fiscal-agent change left $19,536 carryover inaccessible
Summary
Lorraine Greene Whitehead of Early Childhood Western Tidewater told the council the organization became its own fiscal agent after Franklin City stopped serving that role; she said their books show a $19,536.92 carryover and that losing the city's usual $13,000 contribution creates a substantial shortfall for their $194,000 budget.
Lorraine Greene Whitehead, executive director of Early Childhood Western Tidewater, told the Franklin City Council during citizen time that the nonprofit is now its own fiscal agent after the city stopped serving in that role.
Whitehead said the organization’s accountant, the city treasurer and the city director of finance agreed the group’s carryover balance is $19,536.92. She said the city previously provided roughly $13,000 annually, and that…
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