The Valdosta YMCA is grappling with some financial woes after an internal investigation found there was money missing from its bank account.
Construction of a youth and teen center, indoor pool, and a new gym were slated to begin this month, but those will now be delayed. The YMCA believes a former employee is the cause of some serious accounting problems, problems which have somehow been overlooked for the past four years.
Some folks are glad the problem is getting resolved, “I hope that person wasn’t taking advantage of the money I was putting in there, I don’t know what they are taking the money and using it for, I hate that they did that to the community, but I’m glad they got caught,” says YMCA member Joanne Desmartin.
Two local firms have been hired to identify and help resolve the problems. It could take four to six weeks for the Y to get back on track financially.
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Source: www.ymca.net (YMCA Web site) contributed to this report
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