Quote:
Originally Posted by tis
Not necessarily. You know yourself, if you are building house, you have big expenditures in lumps. Framing, roofing, window package etc. I doubt if an auditor would know much about how purchases happen. If it was sudden a huge sum at the end, like hundreds of thousands, they might question it but other than that, no I don't think an auditor would catch it. A library might have a big purchase of book. Public works could have a big salt purchase. It could be anything.
|
I get audited every quarter, and a deep outside audit at the end of the year, but when you are building a home... since the price is usually contracted... any extra expenditure is a loss to your bottom line.
I am sure the department heads would be very frugal if they got to keep the money like we do when building homes.
They act like a non-profit... so using a profit-driven model as a comparison isn't really accurate.