Why Are The City Golf Course Loan Balance Records Screwed-up?

How much of taxpayer funds is the Golf Course & City really losing? ….. 


 
TedNoftall
Greg,
I wanted to remind you of the commitment  your  made  at Tuesday  evening’s special meeting of Council to have your  Finance director provide a detailed explanation as to the circumstances that required an increase in the loan balance owed by the Golf Course  to the Water and Sewer fund, to an amount greater than last year’s balance,  after a year of supposed payments on that loan balance.    
The explanation given at Tuesday’s special meeting  was very confused with reference to three cash accounts and everything being ok as long as they were in the black or something to that effect.
I have not seen the promised explanation and am wondering if everything is on the up and up with these accounts, AND IF this has anything to do with the City’s bank accounts not having been reconciled on a monthly basis for most of last year??
Ted Noftall



GregKisela Ted:

Wayne Saunders is working on it. We want to make sure the explanation is understandable and clear to everyone. It is not associated with the bank reconciliation issue.
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Greg Kisela
City Manager
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TedNoftallThank you Greg,
Will you ensure that Wayne will be prepared to present same at the Monday
evening A&B Advisory Board meeting on March 10th ??
Ted

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GregKiselaTed:

I believe so. Wayne will have a draft  for me to review later today but I am not in the office.
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Greg Kisela
City Manager
Sent from my iPad
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