IRS Targets Booster Club
The Internal Revenue Service is auditing a high school booster club’s books to find out why it has as much as $480,000 in funds that are unaccounted for.
Fern Creek booster club president Tim Fries says the IRS has been auditing the club for 17 months, since before he became president. Fries told The Courier-Journal that he has warned members that the club may be required to pay a fine.
An attorney for the booster club says he has seen no evidence that money was embezzled from the booster club and the problem may simply be poor bookkeeping. He says he expects a report on the audit in the next week.
The club has raised money to support the school’s athletes by selling concessions and running regular bingo games.