Keyword: audit

  • PA Audit: Ag Department Misused Racing Funds

    The Pennsylvania racing fund, which pays for regulation of horse racing in the state, has been misused by the state Department of Agriculture and is close to bankruptcy, according to a state audit released June 18.

  • NYRA Criticized Again in New State Audit

    The New York Racing Association is masking financial troubles and is not taking steps state auditors have urged in the past to right its fiscal condition, the state's chief fiscal watchdog said Jan. 24.

  • Audit Shows Improvement for MJC in 2010

    The Maryland Jockey Club submitted an audited financial report March 31 that showed losses for Laurel Park and a small profit for Pimlico Race Course for the final eight months of 2010.

  • Audit: Kentucky Panel 'Messy,' But No Intent to Defraud

    Though the old Kentucky Racing Commission has been called "messy and sloppily run," with lax management and a disregard for standard business practices, the organization did nothing that calls for involvement by law enforcement agencies, according to an audit report released June 22.

  • Ohio Commission to Support Expansion of Audit

    The Ohio State Racing Commission, subject of an investigation by the state Office of Inspector General, has agreed to allocate funds to expand the scope of its customary audit. The more detailed audit will look closely at issues raised in the probe.

  • Kentucky Report Issues Recommendations For Panel

    The Kentucky Auditor of Public Accounts, in an Aug. 5 report, suggested the Kentucky Racing Commission do away with the executive director's position on its Backside Improvement Commission, maintain a special account for private purchases, and reduce the number of individuals who receive pins that previously allowed them access to Churchill Downs for the Kentucky Oaks and Kentucky Derby.

  • Audit Report Targets Kentucky Welfare Fund

    The Kentucky Auditor of Public Accounts has issued recommendations in the wake of an examination of the activities of the Kentucky Health and Welfare Fund, formed in 1978 to provide assistance to Thoroughbred racing personnel and their families.

  • NYRA president Terry Meyocks, questions some audit findings.

    Despite Improvements, NYRA Spending Still Questioned

    The New York Racing Association has made improvements in its financial practices in recent years, but state auditors have questioned a number of big-ticket expenses, including money NYRA donated to charity but did not report to federal tax officials and consulting and lobbying expenses.

  • NYRA to be Audited by Private Firm

    A long-running feud between the New York Racing Association and state racing regulators ended Wednesday when a private accounting firm was given final approval to audit NYRA's books.