MINOT, N.D. — The president of the Nodak Race Club in Minot has resigned after 10 years in the post and 27 years on the board of directors.
John Gaule’s move comes a few weeks after board members through an attorney asked him for financial records of the nonprofit organization.
Attorney Jim Maxson says the issue is the club’s financial status and whether its bookkeeping system has “an acceptable level of checks and balances.”
The club’s bylaws says its finances must be audited at the end of each racing season. Gaule says that has not been done in years because it slipped through the cracks.
But Gaule says “there is nothing wrong with the money.”
Kelly Rambel, a driver and member of the race club, sent a complaint to the state attorney general’s office seeking financial records of the club. Rambel says that after examining some records he does not suspect foul play.
Information from: Minot Daily News, http://www.minotdailynews.com
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