The board has hired accounting firm Gray Griffith & Mays to handle all financial transactions, Keene has said.
"The CPA will handle all of our bills so the board can focus completely on Multifest," Keene said.
There is a requirement that Keene and one other board member sign all checks for Multifest, she said. However, this provision will hardly ever be used because the CPA will pay all bills.
"Since we're not handling the funds, we shouldn't have to handle checks either," she said.
All board members are bonded up to $25,000 through the event's insurance policy, Keene said.
Bonding the officers will guarantee more financial accountability. The process is similar to insurance. If money comes up missing, then the bonding agency or insurance company pays those funds to the agency.
Keene said the organization can afford to pay the CPA and the insurance company for the bonding out of its funds.
Keene is pleased with local officials' funding support, adding it would have been a travesty if Mulifest had not survived.
She said the event promotes diversity and is needed in the state.
"The state doesn't have activities that cover all cultures," she said.
Small vendors, non-profit agencies and churches also depend on the festival because they sell wares at the event.
"They generate a lot of revenue over the weekend," Keene said.
Keene is setting up meetings with other sponsors, including Toyota and Pepsi, she said.
Both Jones and Carper believe Multifest plays an important role in the community.
"I always enjoy taking my sons to Multifest, especially on Sunday afternoon," Jones said. "I am pleased that the next chapter of this event with new leadership will start this year."
Commissioner Dave Hardy also said he was pleased with the new direction being taken by Multifest.
"The Multifest board is moving in the right direction," Hardy said. "And I believe the event can once again be successful."