My last blog (council report) used some misleading wording about OUSA which I take full responsibility for. That language was taken and used in some news stories in campus papers across the country. The correct information, stated at council, is:
- OUSA only missed one audit year (ending April 2008). That audit, and the one ending April 2009 are both with the auditors right now
- No financial information was ever missing or lost. The lack of an audit was simply an internal oversight
- The General Assembly was informed of the financial state of the organization at every meeting throughout the year
- OUSA has employed a certified accountant to manage the bookkeeping of the organization for the past three years
- The 'budget overhaul' was an internal process to help us better budget for year-over-year consistencies, not a 'fix' of a broken system
- We are confident that the audited statements will show that all financial statements have been materially correct throughout these past two years
I am not going to retroactively change what I have posted, though I apologize for using stronger language to reflect the importance of the work I was doing through my job at BUSU and my election to the position within OUSA.
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