Word: audits
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...addition, a 1986 audit of the FAS physical plant found that each of its 242 buildings is in need of renovations. Administrators estimate cost of the repairs in the hundreds of millions. An added problem is that the exteriors of much of the property cannot be altered because the structures are historical landmarks...
...late '70s and early '80s. When the economy soured in 1982, so did Unitedbank. By this year it was losing $1 million a month. For a time Kickerillo, a self-made millionaire who commuted to work in a jet helicopter, covered the losses himself. But after an audit three weeks ago showed Unitedbank to be $7 million in the red, authorities moved to declare it insolvent...
Televangelist Jim Bakker once broached the delicate subject of his finances to his huge television congregation. "You know, one time they accused me of being a wealthy man," he said. Then, looking sincerely into the camera, he told the audience that when an audit was carried out "several years ago" his net worth "came...
...part in the Bakker scandal. According to Roper, Dortch was more deeply involved than Bakker in arranging the payments to Hahn. Falwell offered no enlightenment last week on whether the $265,000 hush money had come from contributions to PTL ministries, but he said an audit committee would go to work on it. That word came at a PTL headquarters press conference, at which Falwell handed out financial reports showing that PTL revenues exceeded expenses by $19.8 million in the year ending last May. He also said he had arranged a $50 million loan from unspecified sources in Britain...
...Nicaraguan Refugee Fund sponsored the April 15, 1985, dinner, featuring a speech by Reagan, that took in $219,525 for refugees. However, an internal audit by the fund showed costs totaling $218,376, including $116,938 in consulting fees and $71,163 to feed the nearly 700 people at the dinner...