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City may loosen audit requirements
Aldermen Everett Brock.
McMinnville officials may loosen the audit requirements by organizations seeking financial funding. “Since we have tightened up on our nonprofits requiring they have an audit, it has come to our attention that we are really starving some people that can’t afford to do an audit or not much more than a cursory audit with their CPA as required by the 501(c)3 status,” said Aldermen Everett Brock. The city requires specific information from organizations that request monetary donations.