Page 16 of the January Banner has a notice about a mutual separation of a senior financial officer attached to a college owned by the CRCNA. This it appears after a 100 million (yes you read right 100,000,000) dollars worth of "payments" are required in 2017(??). Where are the overseers of this officer? Where are the auditors? Here I thought the CRCNA had a very thorough and conservative Investment Policy in place. I also remember commenting to a senior financial officer of the CRCNA how it was that CC could have $200MM in investments and still have $124MM in notes payable. My experience as a career Banker is that organizations like CRCNA will panic and make the losses much worse than need be. I trust the church or CC will engage outsiders to clean up this mess and not leave it to those who in ANY way were close to this fiasco.
Financial Stewardship and Accountability