Home » Posts tagged with » accounting

Facts from Sac: Governor Newsom Doesn’t Have to Look To D.C. To Find Incompetence

Facts from Sac: Governor Newsom Doesn’t Have to Look To D.C. To Find Incompetence

Assembly Republican Caucus, Governor Gavin Newsom railed against incompetence in Washington during his inaugural address, but he doesn’t have to look all the way across the country to find failure in government. Just recently, the State Auditor reported that California’s new accounting system is so unreliable that large state agencies flat-out refuse to use it, increasing the […]

Oxnard turf battle over internal financial controls continues at council meeting

Oxnard turf battle over internal financial controls continues at council meeting

By George Miller City Council, staff, the Treasurer and external auditor fought it out on whether Treasury has the right and responsibility to vet City disbursements of funds. Ref: 10-10-17 Oxnard City Council meeting agenda item C: C. APPOINTMENT ITEMS (5:00 PM)   Finance Department 1. SUBJECT: Independent Accountant’s Report on Applying Agreed-Upon Procedures (10/10/20) RECOMMENDATION: That […]

Oxnard Treasury, Finance fight over turf: Internal Controls responsibility

Oxnard Treasury, Finance fight over turf: Internal Controls responsibility

By George Miller Oxnard Treasurer Phil Molina has fought a year-long battle, mostly with CFO Jim Throop, over whether Treasury will be allowed to implement some principal campaign promises Molina made concerning verification and approval of expenditures. Throop and his boss, Asst. City Mgr. Jesus Nava, have seemingly moved heaven and earth to prevent Molina […]

Oxnard accounting meltdown starting to solidify, covered at Fiscal Policy meeting (video included)

Oxnard accounting meltdown starting to solidify, covered at Fiscal Policy meeting (video included)

By George Miller At the 3-9-16 Fiscal Policy Task Force meeting, we received the current audit status and internal audit plan status and were treated to a lively discussion. Audit Status Summary Audit still not complete, potentially inviting more state action, Controller’s audit, breaking bond covenants, affecting credit rating Several outside firms engaged to help with […]

More on the Oxnard Accounting meltdown

More on the Oxnard Accounting meltdown

By George Miller Ever since operational audits were initiated by Oxnard City Manager Greg Nyhoff a few months after he came aboard on 6-1-14, the city has been aware of glaring deficiencies. 128 were identified, in multiple departments, possibly worst and certainly most visible, in the Finance Department. Months after Finance Director James Cameron retired in […]

CA Controller’s May Cash Report Shows Receipts $69.1 Million Above Expectations

CA Controller’s May Cash Report Shows Receipts $69.1 Million Above Expectations