Follow The Money
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Manager Harden,
The financial presentation of the Golf course Inter-fund accounts are leaving more questions un-answered than are being answered.
My questions relate to 3 documents you have recently presented.
5 Year 2010 – 2014 Analysis of Cypress Head Golf Course Capital Reserve Transfer …….
This 5 year summary provides no analysis of the transactions that flowed through the Golf Course Clearing account.
It does not disclose the R&R or Clearing account year end balances. This analysis is free floating as it makes no effort to tie or reconcile anything to the City’s pooled cash balances which we are encouraged to assume are accurate.
1) Will you make this information available ?
Sept 30th 2014 Golf Course Statement of Cash Flows – Clearing Account, R&R Acct
1) Why is a $6,081.44 surcharge being credited to Clearing and not to R&R ?
2) Why is the deficit Clearing account being credited with interest earnings and the positive R&R account being charged with interest expense ?
3 ) If the Fleet lease expense is paid directly by the Golf Course, why is a $ 22,383. fleet lease expense charged to the Clearing account ?
4) Why is the Clearing account being credited with a $61,912.95 Funding request from the Golf Course ?
5) Was the $ 61,912.95 paid from Golf Course clearing to Golf Course operating or vice-versa, and should this amount have been added or subtracted from the Golf Course clearing balance ?
6) Why is the Clearing account being charged with a $ 14,475.19 loan payment to the W&S Fund when such payments were suspended 9 months earlier ?
7) Why is depreciation being charged and credited to cash accounts ?
May 31st 2015 Golf Course Statement of Cash Flows – Clearing Acct, R&R Acct, operating Acct
The beginning balances referenced in the May 2015 statement for Clearing and R&R have not been disclosed before.
1) Will you release those statements from October 2014 through April 2015 supporting those May 1st beginning balances ?
2) Absent releasing those October 2014 through April 2015 statements how is anyone to understand where the several thousand dollars paid monthly into the R&R account is going ?
I would urge you to not leave these questions un-attended, but rather present the analysis being requested prior to the new Manager coming on board next month.
Thank you
Ted Noftall
Candidate for Mayor
City of Port Orange -2016
“Confucius Says…” — There is no better way to steal money from city treasury’s and hide your tracks than keeping the accounting books convoluted and difficult to understand.
At the moment all our resources are focused on budget preparation so we are unable to respond to these questions. Perhaps we can give a response next month.
David Harden
It seems like many finances are run like candy stores, dispensing free candy supplied by unknown donnors. The donnors are the tax payers. And it seems like there is an unending supply of candy to be distributed to all kinds of businesses in the area with the blessing of the Chamber of Commerce and the Mayor. Dirt, Water,poor contracts, loose billing procedures, a lenient, happy environment for city workers, all shows a Candy Man type of leadership.
Only councilman Ford shows a concern for these administrative failures. Mark Bernier told Don Burnette that there is a “band of nuts in Port Orange pointing out every little thing wrong with everything”. Well there are those playing the pleeding game: “can I be your friend? I have a friend who is interested in some of the things you have to offer in your candy store” But the band of nuts are making change to the cultural climate of Port Orange Politics. I support Ted Noftall, Newton White, Mark Schaefer, and Mike Gardiner. At this time, if any of them run for a city council position when the opportunity presents itself, I am behind them and support them. Ted Noftall is running for Mayor, 2016. I am looking forward to the debates. Both Noftall and Burnette are good at facts and statistics, but Ted takes a hard accounability look at the issues, while Burnette comes across like these problems are “simple” mistakes which can and should be fixed. Fixing mistakes can become an endless redoing of someone elses failures, unless accountability is invoked. Negative criticism and accountability had been protested by members of the Chamber of Commerce. The chamber members are buddies with Don Burnette. It will be a tough battle.