San Jose Club In Financial Trouble
A San Jose audit says the Boys and Girls Club of Silicon Valley has misused nearly $200,000.00 and is using loans to keep its four San Jose centers open. The organization runs after-school programs for some 1,800 children, most of them from lower-income families. The audit found numerous problems with how the Boys and Girls Club manages its finances. One problem, the audit says the club used money donated for special projects to pay employees and keep programs running. The audit blamed a weak accounting system, which failed to track how the money was spent. It also said only one person controlled all the club’s revenue, meaning there was not much oversight. Executive Director Steve Tedesco was hired in January to turn the agency around. He agrees with the audit’s findings, but says many of the problems it cites have already been addressed.