May 8, 2012 at 8:00 am
MINNEAPOLIS (AP) - A Minnesota Republican Party committee is recommending tighter financial oversight after mismanagement that's left the party up to $2 million in debt.
A report Monday on the money mess stops short of assigning blame. But the committee says it found misreporting, a lack of internal financial controls, examples of questionable decision-making, and a lack of accountability and transparency.
The committee says it did not find any evidence of theft, though.
The panel recommends that the party set up two standing committees to oversee financial controls and personnel policies. It also suggests splitting the job of secretary-treasurer into two positions. And it would require that certain contracts over $5,000 be signed by both the party chair and treasurer and be approved by the party's executive committee in advance.