Showing posts with label creative accounting. Show all posts
Showing posts with label creative accounting. Show all posts

Wednesday, December 10, 2008

accurate admission numbers

It would be interesting to know how accurate the admission numbers are. Who keeps the receipt book? There have been days when 80 swimmers were noted and ZERO revenues were reported. How can THAT be? Sometimes the specific details of the swimmers and where they come form are excellent; other times not as good. The more accurate the numbers and the teams the harder it is for them to fudge them. Without accurate numbers its difficult to show the impossible and implausible figures for what they are- creative concoctions.

Tuesday, November 25, 2008

commentary

American innovation can be a wonderful thing, but it will NEVER cure poor/corrupt management, unqualified personnel, incompetent and inept(if not corrupt) city officials, backroom sweetheart deals, rigged bids, kickbacks, $400-600 a square foot construction projects, or an oppressive, arrogant, bullying, and secretive management styles. Without getting to the core of this problem and correcting it, whatever THAT takes, more money would just be more losses to the taxpayers and more money for them to disappear, as previously stated. What are chances that there are some creative, imaginative, and innovative things happening at City Hall as we speak, trying to explain this pool fiasco?

Saturday, November 15, 2008

pool numbers distilled

For those who want the numbers condensed down to the basics for the pool: there were about 10,500 in surcharges charged to the individual (30 x 350) swimmers, add 1500 from concessions, 1200 from 2 sesiions for gate fees, and 600 for heet sheets, and you get about 14,000 profits for the private swim teams. That is for ONE MEET, and there have been several this year. The total projected income from Aquatics to the City is 2150 for the ENTIRE YEAR. The private team also saved 2640 in pool rentals that WERENT charged, again profits to the private team, but that was pool rental fees that Springs residents SHOULD have realized. Everyday pool rentals for practice are ANOTHER 40k per year that SHOULD be charged but that residents wind up footing the bill for every year too. In addition, Springs taxpayers paid for additonal staffing and overtime for Sunday so that the private team could make that 14k in profits. Figure 3 or 4 meets a year and that private team (MDAC) makes at least 75 to 80 grand off us a year. Since when is the City in the business of bankrolling private businesses? especially when WE are losing at least 260,000 a year? THIS is good management of our tax dollars? Ridiculous. Preposterous. Absurd. Yet ANOTHER financial fiasco form the City Manager and his assistant, at the expense of the taxpaying residents. We need an outside independent audit done NOW to see what the exact numbers are. We have good estimates, and know this situation reeks, but need the exact figures to realize the extent of these horribly mismanaged and abusive, if not blatantly fraudulent, activities. They have creatively come up with some real concoctions in the past, so lets see how creative they can be THIS time.