June 20, 2017

The UDWI Board of Directors remains committed to keeping our members informed on the activities taking place at UDWI. Since our last update, the staff have been working diligently to provide the auditors with all necessary information for the thorough evaluation of the financial records of the organization.

The independent accounting firm, Blue & Co., has informed us that the audit is progressing as planned, and that we can expect them to provide information to the Board in the coming weeks.

When the audit has been completed our members will receive a report on the findings and recommendations, which we will make available on our website. After the results have been evaluated, we will also share how UDWI will incorporate the audit’s recommendations into the operations of the cooperative.

As we reported last month, a separate federal investigation is also underway. The Board and leadership continue to cooperate fully with this investigation. We understand that our members have questions about the investigation, but should any information on the findings be released it would be through agencies leading the investigation and not UDWI. 

UDWI Executive Officer Brian Sparks remains on a paid leave of absence. Michael Chapman and Shane Smith continue to serve as interim CEOs.

We also want to thank our members, and the community, for their continued support and interest in UDWI. We will provide additional information to you as it becomes available.