The stories about how I got the CFO position were rampant with gossip backed by

The stories about how i got the cfo position were

This preview shows page 93 - 95 out of 148 pages.

vitriol accompanying my promotion. The stories about how I got the CFO position were rampant with gossip backed by rumors and supported by innuendo. Anyway, I have always been a hardworking and loyal employee of Pearson Precision and deserved this promotion. 3. So, I am not surprised that I would be accused by detractors of stealing from a charity set up to help the children of our public schools. Because of my background, I was asked by Peyton to serve as Treasurer of Morningside Heights Booster Club, a tax-exempt corporation pursuant to section 501[c][3] of the Internal Revenue Code. The organization was established to raise money to pay for extracurricular activities in the Morningside Heights District that were eliminated due to budget cuts. I am paid $12,000.00 per year for my services. 4. Seed money was put into the organization in June 2013 by Peyton and other prominent businesspeople, like Alex Aldrich, Fran Farley, and other wealthy residents of Morningside Heights, for upstart operational expenses, including the payment of my salary. Approximately $150,000.00 was raised in the summer of 2013. Since this amount was not nearly enough to meet the needs of the school district, the Board of Directors, which includes Peyton, Alex Aldrich and Fran Farley, set out to raise more money by sponsoring an annual Fun Fair. The
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88 11/19/14 2013 Fun Fair took place on Friday, August 23 rd through Sunday, August 25 th . The Fun Fair included carnival rides, a chicken BBQ, and games of chance for adults, such as bingo, roulette and blackjack. Because Peyton was busy overseeing the entire Fun Fair, s/he asked me to collect the proceeds from the carnival rides and the games of chance. By my estimate, approximately 5,500 people attended the 2013 Fun Fair, with 1,500 in attendance on the first day, 2,250 on the second day and 1,750 on the third day. From the ride ticket sales, we raised $7,100.00 on day one, $10,840.00 on day two and $9,590.00 on day three. The games of chance brought in $5,340.00 on day one, $6,440.00 on day two and $5,890.00 on day three. At the end of each day of the Fun Fair, I collected the proceeds from the rides and the games and awaited instructions from Peyton on how to deposit the funds. 5. Peyton was so exhausted as result of expending so much energy overseeing the Fun Fair that s/he and his/her spouse left for a three-week vacation to Europe on the Monday morning following the close of the Fair. Peyton forgot to give me instructions on how to deposit the proceeds in my possession, so I used the night deposit slot of the Empire of New York Bank to place the money into the Club’s checking account. I have the receipt showing a deposit of $45,200.00. I also prepared a financial statement showing the expenses incurred and revenue earned in putting on the Fun Fair. When Peyton returned from his/her vacation, s/he told me to move the money to a special account s/he had set up for the Fun Fair proceeds. Now, I know there are some people who are saying a lot more than 5,000 people attended the Fun Fair over the three days and that the proceeds from the rides and the games should easily be in the range of $170,000.00. I can’t believe it! They are accusing me of pocketing nearly $70,000.00. These
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  • Spring '17
  • mrs callman
  • attorney, new york state

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