Multifest board members will meet with sponsors to discuss the recent issues in the very near future, Terry said.
The Kanawha County Commission typically provides funding to the organization, as does the City of Charleston. Both Commission President Kent Carper and Mayor Danny Jones vowed to cut off funding if the Starkses would not sever all ties to the event.
Since Starks' resignation, Carper said he would listen to any funding requests from the event's board. The board members will have to prove to him that the newly installed financial controls will work.
"I would want to hear from them," Carper said.
However, Carper also said he trusts Watts' judgment and is not convinced that the board members should not step down.
"You can't just move the board's chairs around a little bit," Carper said. "There has to be complete proof that there is real change."
Jones also said he would be willing to talk to board members.
"If they have a presentation to make, we'll listen to it," Jones said.
However, both Jones and Carper said they were leery of providing money to the organization in the past because of the lack of a financial audit.
"We never really got the paperwork we wanted from the board in the past," Jones said.
Watts, who said he has attended Multifest just about year over its 22-year history, emphasized he is not interested in joining the organization's board.
He hopes the event can continue and considers it an important community attraction.
The event's value goes beyond recreation opportunities for community members and guests who sometimes come from many states away, Watts said.
Many nonprofit organizations, small vendors and faith-based groups set up booths to sell wares at the event, he said.
"Multifest needs to continue," Watts said. "But it needs to continue under the auspices of a reputable committee that can ensure there is proper oversight of funds.
"It is now time for another committee to come in and handle this type of event."