Watching the final death throes of the Hilliard OH CVB, I saw an article online today that made me chuckle, despite the sadness of the situation. In it, the reporter attempts to suggest that the CVB had not spent its money wisely over the years. Then he swung his attention to salaries:
"38 percent was spent on salaries, which was by far the largest line
item most years. Bills accounted for most of the other expenses,
according to the auditor's report."
Clearly, the CVB looked top heavy because it wasn't using Activity Based Costing (which we strongly recommend). But, don't bills usually account for the rest of expenses?
Just sayin...
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