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California Is The 17th Best-Paying State For Construction Managers

California Is The 17th Best-Paying State For Construction Managers

Mike LaFirenza While many industries suffered during the pandemic, construction kept going strong amid low interest rates and increased housing demand. Ironically, even though construction is booming, firms are having a hard time finding labor. Experts are divided on why this is, but one prevailing notion is that many people see construction as a job […]

City Manager Alexander Nguyen Appoints Betsy George As Oxnard’s Chief Financial Officer; Announces Finance Department’s Leadership Team

City Manager Alexander Nguyen Appoints Betsy George As Oxnard’s Chief Financial Officer; Announces Finance Department’s Leadership Team

OXNARD, Calif. – The City of Oxnard announced the appointment of Betsy George as the Finance Department’s new Chief Financial Officer (CFO). She is joined by the City’s Budget Manager Beth Vo, who has been appointed to serve as Interim Assistant CFO, and new Assistant CFO Mark Sewell to round out the department’s leadership team. […]

Critics: Federal Aid Masks California Cities’ Fiscal Problems

Critics: Federal Aid Masks California Cities’ Fiscal Problems

Bethany Blankley | The Center Square (The Center Square) – California cities are faring better than anticipated, a new report by the California Auditor’s Office says, thanks to receiving $8.2 billion from the American Rescue Plan Act of 2021. But other reports show California is in dire straits and the federal aid only masks serious […]

California Auditor Finds Ongoing Mismanagement Of COVID-19 Relief

California Auditor Finds Ongoing Mismanagement Of COVID-19 Relief

By Cole Lauterbach | The Center Square (The Center Square) – California has received tens of billions of dollars in federal COVID-19 relief, something its auditor says was mismanaged by state agencies and created “substantial risk” to residents. State Auditor Elaine Howle has released her annual State High-Risk Audit Program report, which maintains a list of potential liabilities […]

Why Can’t Sacramento’s Financial Reporting Match Private Sector Standards?

Why Can’t Sacramento’s Financial Reporting Match Private Sector Standards?

    By Edward Ring If you want current financial information on California’s state government, you won’t find it. The most recent consolidated annual financial report for California’s state agencies is for the fiscal year ended 6/30/2018. That’s over two years, or nine quarters ago. To put this in perspective, America’s publicly traded multinational corporations, with operations spread all […]

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 […]

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