Johnson has continually pressed the US embassy to pay unpaid fines it has incurred for the congestion charge.
"The losses being incurred for the discontinued courses have exceeded a prudent threshold for a not-for-profit organization," the board said.
The foundation had lent the Liberal party $4.75m, which allowed it to pay off a large debt incurred for the 1993 election campaign.
"All sale proceeds will be applied to reduce debt incurred for the Mirage acquisition," said Jim Murren, the president and chief financial officer of MGM Grand.
Mr. Becker said the estimate by the local chapter did not include the money to cover costs that the national organization incurred for the tornado victims.
It bears all administrative costs, such as those incurred for the purchase of new equipment, and manages scheduling, route planning, and the sale of tickets.
Most of it was incurred for the high-speed rail system and financed with bank loans that must be rolled over as often as once a year.
The Green Book which lays out the rules for allowances says that expenses claimed must be "wholly, exclusively and necessarily incurred for the purposes of performing your parliamentary duties".
AEG is reported to be facing a £300m insurance liability after the singer's death, having to refund ticketholders as well as pay for the costs already incurred for the scheduled 50-gig This Is It tour.
Except for the historic privy, a favorite of visiting children, the buildings are all used as commercial properties, with rentals from retail shops and offices going toward current maintenance and to pay off mortgages and bank loans incurred for the purchases and restorations.
A large portion of this was incurred for the Delhi airport project.
