sisters

finances are overseen by a team of advisors, both locally and at the national level. if you really think that the kind of things you allege are happening, you are obviously not greek.

The advisors and national only see a basic unaudited 1-2 page balance sheet. They rely on the sorority officers to prepare these financial reports. Just like an inmate writing his own police report....

Sisters, you will need to override our current officers to get annual January financial audits approved. The Officers most against it are your biggest suspects.

this will vary from chapter to chapter but in my chapter, all major purchases ($200+) have to be approved by our our head advisor or they will not be reimbursed.

We are discussing the total operating budget, not a line item. An audit will verify if an expense paid by the Chapter was actually delivered to the vender in full. If the expense was fair and reasonable.

Audits often find an overcharge expensed to the Chapter. For example, $1,000 monthly yard services when the vender actually charged $750. The excess $250 disappears. Audits are necessary to verify trust in our Chapter Officers.

As far as financial impropriety, some sororities have their financial planning and money handling overseen by Longtime Chapter Advisers. If there is anyone who should be carefully examined for improprieties, it would be notoriously "career" chapter advisers. One might find out the fruits of their labor hardly come for free.

Probable fraud will be found by both Chapter Officers and Advisers. Some petty, but the potential for felony fraud is quite real....

Who the heck are you? definitely not an SMU greek. If you were greek you would understand the financial circumstances of sorority life a lot better. Yes, corners and costs could be cut but there is not fraud occurring.

Panhellenic should form an extra Bylaw to require annual Chapter House Independent Audits.

Audits are necessary to verify trust in our Chapter Officers.

I joined KKG in my freshman year and yes their dues were expensive, almost $3,000 per semester. I was excited my first year with my new sisterhood but became concerned with the limited activity calendar and social exposure to all of the fraternities.

They really just mixed with SAE (Daddy’s money guys) and had limited mixers with two others. I wanted to meet guys from all of the fraternities but they wanted a tight circle of social exposure. We co-hosted a limited number of parties with SAE and had a few charitable events.

The high dues were never formally explained to where I knew I was being Ripped-Off. I did not live in the house and wanted out of that cult. I was not active my senior year and spent my so-called dues on trips, clothes and having fun with my real friends. Had a BLAST.