In a letter sent to members and on its website, Horsham Soccer Association President Christopher Hurrell said leadership determined the "issue" extended beyond the board's ability to reconcile internally.
"We took the information we had gathered together and presented it the Horsham Police Dept.," the letter read. "We have been working together with the Horsham Police's diligent investigation to resolve this unfortunate situation."
No further details were provided regarding the nature of the financial issue or who may be suspected in its involvement.
"We assure you the existence of our club is not jeopardy," Hurrell said in the letter.
He noted "every action has been taken to make sure something like this incident will not happen again."