After a critical audit report earlier this year detailing a loss of more than $300,000, the Manchester-Coffee County Conference Center (MCCCC) ended the month of February in the black.
According to a report in the Tullahoma News, the center turned a profit of $4,434.24 in February after paying $11,000 in outstanding credit card debt.
The Coffee County Public Building Authority (PBA) is making an effort to improve the financial standing of the conference center after a recent audit revealed an operating loss of $301,329.01 during the 2014-15 fiscal year.
MCCCC Interim General Manager Rebecca French said, “We had to pay $11,000 on the outstanding credit card [debt] and we paid back August 2015 payroll to the county.” “After making payments to our auditors, but not paying them in full, we made a profit of $4,434.24.
“If we didn’t have the outstanding credit card, we would have $15,434.24 in profit. That monthly number includes all of our taxes and bills paid for the month. The credit card has been recommended, and voted to be paid off and closed so that this situation can never happen again.”
French credited a full calendar of events, busier than the month of December, for helping the conference center make a profit.
MCCCC Shows Profit
