INV-0206

Among the findings: The Coalition Did Not Establish Detailed Policies And Procedures For Awarding Loans Nor Maintain Complete Records Of Its Loan Activities. The Coalition Failed To Follow Its Guidelines And Procedures For The Revolving Loan Program And Suffered A Sixty-Percent Default Rate On The Loans At A Cost Of $318,245.72. The Coalitions Unauthorized Action In Contracting With A Board Member Gives The Appearance Of A Conflict Of Interest. The Coalition Could Not Provide Documentation Authorizing An Increase In The Amount Paid To A Consultant. The Coalition Does Not Appear To Have Benefited From Work Performed By The Consultant. The Coalition Failed To Operate Its Packing Shed During The Previous Twenty Months.