For the past several months, officials at the Horry County Solid Waste Authority (HCSWA) have been pushing changes with the agency’s by-laws so that HCSWA would not have to file a Form 990 with the IRS.
All of a sudden those changes are not a priority anymore because the Horry County Infrastructure and Regulation Committee is taking a closer look at the form of its oversight of the HCSWA.
Actually, oversight is a misnomer as Horry County Council has done little oversight of this agency for the past decade.
We won’t get into the specifics of the reasons for the changes. Suffice it to say the HCSWA does not want to explain to the IRS why it has $37 million in the bank – $22 million in questionable future expense reserves and $15 million excess reserves.
Speak Up…