audit to be interesting

Apparently there is a general audit for the entire city going on right now. Auditors are not as concerned with daily logs as they are deposit slips and bank statements, even tho the daily logs SHOULD match the other information. It will be interesting to see what THIS audit finds to be accurate in the pool revenue areas. Audits for the past couple years have found NO problems with the pool numbers tho, so it remains to be seen what THIS one will reveal. stay tuned.

where has all the money gone? long time passing...

The question was so good, somehow it was missed. Of course these Rip Tide revenues need to be correlated with revenues reported for that time frame! Bank statements, deposit slips, and quarterly reports should do that nicely, altho any one of them COULD be forged, the chances of all 3 being forged is small! If the claimed revenues for 07-08 were $2150, and $4800 for the year before, that would NOT even account for the Rip Tide revenues that WERE probably actually collected over that period! NOT to mention the supposed $2400 a year from MDAC, the $750 a day pool rental fee for meets, the $1500 a season from Columbus and Reagan HS, GMAC meets, district meets, or private parties. Where is ALL this revenue reflected? Of course, if it REALLY wasnt collected, the question would have to be, WHY NOT? If it WAS collected and disappeared, the State Attorney WILL BE notified.

curiosities

The most recent information DOES sound pretty unbelievable! Are they saying that the $ 2 per swimmer was paid in cash? If so, there will be receipts, deposit slips, and bank statements reflecting that, right? The receipts on the daily logs sepearte cash from checks, and give the check numbers, so they shouldnt be hard to trace, right? Sometimes, if you give people just enough rope, they will hang themselves. Mr Dotson is an accountant and will get to the bottom of these numbers. It IS interesting how, as was stated before, two days ago none of these numbers were available, and POW! now they have just jumped up and got a life of their own! Monday night will be an exercise in creative and imaginative accounting. Fortunately Mr Dotson has 25+ years of experience and knows when the numbers dont make sense! He is the right person at the right time for this job! Of course all data needed and requested should go back at least three years, right? Lets see if there are any "adjustments" made to those numbers too. It just gets curiouser and curiouser. It would be hard to "adjust" receipts, bank statements, and deposit slips THAT far back, wouldnt it? All of these questions and altered numbers will form the basis and foundation for a request from Mr. Dotson to have an independent, outside forensic audit to put everyone concerns to rest, no? Lets see who will agree with Mr Dotson THIS time! Lets also be sure to get ALL of this on video so the people at home can decide for themselves! Monday night football- you go to Tivo- THIS will be MUCH more entertaining!