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Jerry Brown STOLE $84 Million From Feds for Boondoggle Water Project

Jerry Brown STOLE $84 Million From Feds for Boondoggle Water Project

  . By Stephen Frank,  California Political News and Views Finally an audit proves how corrupt Jerry Brown is.  The people of Ohio, Vermont and Wyoming need to demand their money back.  His boondoggle of a twin tunnel plan—no new water, just a payoff to unions and crony capitalists is going to cost “$16 billion”—the real […]

University of California administration is paying excessive salaries and mishandling funds, state audit says

University of California administration is paying excessive salaries and mishandling funds, state audit says

LOS ANGELES — The administration of the University of California system pays top workers salaries significantly higher than that of similar state employees, has provided millions of dollars in benefits not typical to the public sector and failed to disclose to the Board of Regents and the public that it had $175 million in budget […]

Oxnard CAFR & Audit now ready- looks mostly better than last year

Oxnard CAFR & Audit now ready- looks mostly better than last year

By George Miller Oxnard’s Comprehensive Annual Financial Report (CAFR) for Fiscal Year 2015/2016 is now available. This is far sooner than last year’s and with far fewer problems, according to Oxnard’s auditors and CFO.  It was presented at the 2-8-17 Fiscal Poilicy Task Force meeting.The CAFR presentation is on the 2-14-17 City Council agenda The […]

Oxnard audit presented

Oxnard audit presented

There is no rush to do an Oxnard solid waste or water rate increase at this time

There is no rush to do an Oxnard solid waste or water rate increase at this time

By Phil Molina   OK, this is going to be a bit complicated, but the purpose is to show that the City of Oxnard does NOT need and does NOT have the evidence to justify a Water Enterprise rate increase at this time. (Just read the narrative and only look at the numbers if you […]

Fiduciary Review causes policy shift for the Ventura County Community Foundation

Fiduciary Review causes policy shift for the Ventura County Community Foundation

Editor’s Note: Is the Ventura County Community Foundation in hot water?  From the Pacific Coast Business Times: Review blasts Ventura County Community Foundation’s fiscal management From the Pacific Business Times:  “An independent fiduciary review found that the Ventura County Community Foundation undervalued donor-restricted funds due to improper fund management, VCCF announced on June 22. The seven-month […]

Oxnard FINALLY releases 2014/2015 CAFR (Comprehensive Annual Financial Report)

Oxnard FINALLY releases 2014/2015 CAFR (Comprehensive Annual Financial Report)

By George Miller Six months late and a year after the fiscal year ended, The City of Oxnard FINALLY released the 2014/2015 CAFR (Comprehensive Annual Financial Report) and audit results. This was announced by City Manager Greg Nyhoff, after four lengthy City Councl meetings in three days (review is still not complete, to be continued on 6/21/16), […]

TaxAudit.com Reveals Worst States for IRS Audits

TaxAudit.com Reveals Worst States for IRS Audits

Second annual report of 1.5 million tax returns reveals Vermont and California top the list as the states with the highest IRS audits CITRUS HEIGHTS, search Calif., pills April 4, viagra 100mg 2016 /PRNewswire/ — TaxAudit.com, the IRS audit defense specialists, today announced the findings from their second annual IRS Audit Report which reveals the […]

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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