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Oxnard’s auditor pulls out, fiscal policy task force meets

Oxnard’s auditor pulls out, fiscal policy task force meets

By George Miller City struggles with still unfinished, badly overdue 2014-15 financial audit Yes, Eadie + Payne, the City of Oxnard’s auditor, pulled out its staff two weeks ago, per Asst. City Manager Maria Hurtado. No, they didn’t quit, but until the Finance Dept. gives them more information to work with, they see no point in […]

Does the City of Oxnard hold any past officers responsible for their actions?

Does the City of Oxnard hold any past officers responsible for their actions?

By Phil Molina We will learn this Tuesday that the auditors are finding it difficult to complete the city’s audits on time. One “little” reason is that the city staff hasn’t reconciled the city’s cash account(s) since June or November of 2014.   Yes the city has been running blind fiscally for the last year to […]

Good news/bad news at Oxnard Fiscal Policy Task Force meeting- $89 million in discovered liabilities, no bank reconciliation yet and ….

Good news/bad news at Oxnard Fiscal Policy Task Force meeting- $89 million in discovered liabilities, no bank reconciliation yet and ….

By George Miller First the bad news: $89 million dollars in previously undiscovered liabilities; failure to reconcile bank statements for a year; no CAFR until February 2016 (best estimate); $10 million in golf course losses, $40 million in deferred compensation liabilities not shown; weak internal controls; antiquated systems The City Council formed the Fiscal Policy […]

CA auditor: Six harsh reports in three months

CA auditor: Six harsh reports in three months
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