The audits of the Corsicana/Navarro County Chamber of Commerce and Corsicana Development Commission came back with clean bills of financial health, it was announced Thursday at the chamber director’s meeting.
“You guys are doing a great job,” said Sherra McGaha, who represented the audit firm of Tonja Barnabee. The chamber and development commission both are keeping healthy amounts of cash reserves, and although income is generally down and expenses up, neither is considered to be in jeopardy.
The improvement over five years ago is dramatic, McGaha said.
In 2006, the chamber had its first audit in 10 years and it was sorely needed.
“I can’t say how pleased I am,” said Chamber President Dan Wilkie.
The auditor did recommend that the chamber increase the amount for capitalization from $500 to $2,000 so small purchases don’t have to go through the same strict asset depreciations as larger purchases.
The chamber board voted to approve that change immediately after voting to accept the audits.
In other business, board took the following actions Thursday:
• Letters announcing the chamber’s discount group health insurance plan will be going out soon. The chamber has signed with Humana to offer discounted health/dental and eye insurance to any members and their employees.
• Asked for nominations for officers for next year. Bill Spae and Janet Martin are among the people who have resigned their positions on the board in order to devote more energy to their businesses.
• Discussed the upcoming Chamber fund-raiser, which will be a “Roaring ‘20s” casino night at the Chamber of Commerce. Game table sponsors are being sought for that event. Raffle tickets are also now available through chamber board members.
• Discussed briefly the VIP opening for Cinergy Cinemas, which is scheduled for Sept. 23.
• Students are being sought for this year’s Leadership Corsicana/Navarro County program, which gives local business leaders and opportunity to see how their governments work from the inside. This year’s class will also be included in the trip to Austin in March. Ten positions remain open, and the price has been reduced to $600. No scholarships are available this year, but the chamber will accept a payment plan.