The performance audit by State Auditor Beth Wood's office declared Golden LEAF failed to monitor the federal coronavirus relief funds the General Assembly sent to the foundation in spring 2020 for the foundation's COVID-19 Rapid Recovery Loan Program.
A new North Carolina state audit says a nonprofit foundation that received $83 million to lend to small businesses struggling with the COVID-19 pandemic didn’t create procedures to ensure the public money was used properly.
NC Audit: Virus Business Relief Program Lacks Monitoring wccbcharlotte.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wccbcharlotte.com Daily Mail and Mail on Sunday newspapers.
The Golden LEAF Foundation failed to monitor how $83 million in federal money from the COVID-19 Rapid Recovery Loan Program were used, a new audit finds.