MONROE - Monroe Main Street is not going forward on its move toward being a separate entity until it can clear a $63,000 discrepancy in its account with the city.
Cathy Maurer, city treasurer, explained at a Monroe Main Street board of directors meeting Monday that the city has been carrying a $62,800 debit on its financial books from Monroe Main Street since 2007.
She asked to "see the other side of the books" to verify deposits Monroe Main Street made to its account. She said she is looking in particular for documentation on one $75,000 deposit, which may have included several sources of income.
The timeframe coincides with contributions from Swiss Colony for a study on the streetscape project, and with a change in the city's computerized accounting program.
Maurer also reported that the balance in Monroe Main Street's account is $33,000.
Ryan Wilson, board chairman, said Tuesday no decisions about Monroe Main Street's future structure will be decided until the financial situation can be resolved.
Ron Spielman, board vice president, added that he and Wilson will concentrate on finding all the 2007 financial records and meet with Maurer as early as next week to go over the accounts.
The board of directors Monday put off a decision to hire an interim director and postponed decisions on drawing up by-laws or creating non-profit status. Wilson had offered to take a leave of absence from the board to step in as interim director for up to 20 hours per week. Monroe Main Street has been without an executive director since July.
Monroe Main Street directors had hoped to break with the city in October, but that timing is no longer attainable, directors decided Oct. 6.
The organization exists by virtue of a city resolution, which is in effect until January, according to the city's attorney Rex Ewald. Once Main Street breaks with the city, board appointments by the mayor and other decisions made by the city council will be gone, Ewald added. He recommended the organization have some type of corporate structure or arrangement in place before its separation from the city.
Cathy Maurer, city treasurer, explained at a Monroe Main Street board of directors meeting Monday that the city has been carrying a $62,800 debit on its financial books from Monroe Main Street since 2007.
She asked to "see the other side of the books" to verify deposits Monroe Main Street made to its account. She said she is looking in particular for documentation on one $75,000 deposit, which may have included several sources of income.
The timeframe coincides with contributions from Swiss Colony for a study on the streetscape project, and with a change in the city's computerized accounting program.
Maurer also reported that the balance in Monroe Main Street's account is $33,000.
Ryan Wilson, board chairman, said Tuesday no decisions about Monroe Main Street's future structure will be decided until the financial situation can be resolved.
Ron Spielman, board vice president, added that he and Wilson will concentrate on finding all the 2007 financial records and meet with Maurer as early as next week to go over the accounts.
The board of directors Monday put off a decision to hire an interim director and postponed decisions on drawing up by-laws or creating non-profit status. Wilson had offered to take a leave of absence from the board to step in as interim director for up to 20 hours per week. Monroe Main Street has been without an executive director since July.
Monroe Main Street directors had hoped to break with the city in October, but that timing is no longer attainable, directors decided Oct. 6.
The organization exists by virtue of a city resolution, which is in effect until January, according to the city's attorney Rex Ewald. Once Main Street breaks with the city, board appointments by the mayor and other decisions made by the city council will be gone, Ewald added. He recommended the organization have some type of corporate structure or arrangement in place before its separation from the city.