August 17, 2010 - Statement by CSBA President Frank Pugh
The board met today, August 17, in a long and productive meeting that is still going on. We discussed the comments we have received from our members and our staff and will be incorporating their suggestions into our policies and procedures. We will release additional information regarding financial data and salary histories later this week.
Immediately, what we can tell you is:
- You will find posted on CSBA’s Website the 2006 through 2009 audited financial statements. Within days we will also release the 2006 through 2009 compensation history for our executive director and executive staff.
- The board directed staff to initiate the process to contract for an independent financial systems review with the goal to select the firm at the September board meeting.
- The board also directed staff to initiate a process to contract for an independent and comprehensive compensation review with the goal to select the firm at the September board meeting.
We will be providing additional information to the media once we have distributed it to our members and staff.
Other Financial Information