AG19821206 - Laserfiche WebLink

Home Browse Search

440 FirSt Street. ~.~. Washington. D.C. 20001 ,- lelephone 202/393-N~CO ~ovember 12~ 1982 b~MORANDUM: TO: Chairman of the Boards NACo Member Counties FROM: - William J. Murphy President/NmCo Enclosed is an invoice for a one-time special service fee that we are asking each of you to process and forward to NACo immediately. My purpose in writing to you today is to explain why this and other steps that the Board of Directors has taken are urgent to the organization's future. As representative of NACo member counties, there is no question that we are all in the midst of a life-threatening financial crisis. The interim financial statement for the first eight months of 1982 prepared by Peat, Marwick, }[itchell & Co., has verified that NACo has a $2.26 million cash shortfall. The Executive Committee has spent untold hours, days, even weeks since our initial Labor .Day weekend revelation of the problem, working to solve it. We probably now know as much as we will ever know about what caused this crisis. And on November 9, we brought the Board of Directors completely up-to-date on the causes behind the problem, and more importantly, the solutions. Yes, unauth6rized staff decisions were made and excessive monies spent on our new headquarters building. There is no justification, or even adequate explanation of the decisions that were made regarding the completion of the new building. It is unconscionable that the actions of a few have caused so many to suffer. t want to take this opportunity to share with you our thoughts on the urgent solutions to these problems. NACo's Board of Directors took some unpleasant and difficult steps during its Washington meeting. And they did so with the commitment to this organization that has been our greatest strength. A record number of board members were on hand to review and examine the associa- tion's fiscal problems and reaffirm our priorities for the future.