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Oxnard Council Narrowly Approves Consultant Millican Interim CFO Appointment

Oxnard Council Narrowly Approves Consultant Millican Interim CFO Appointment

By George Miller Oxnard is NOT a “leper colony” where no one will come to work.- Councilman Bert Perello The Council had a surprisingly contentious 9-11-18 session on the contested appointment of consultant Dave Millican as interim CFO. The city has been through quite a few CFO’s in the last few years. Millican was a […]

Oxnard audit presented

Oxnard audit presented

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), […]

Oxnard’s late, troubled audit shows progress, but unsatisfactory for many- emotions run high

Oxnard’s late, troubled audit shows progress, but unsatisfactory for many- emotions run high

By George Miller Tuesday’s (5-24-16) tumultuous, emotional Oxnard City Council meeting’s main topic was the status of the long, long delayed and troubled audit status. Normally, audits for the fiscal year ending in June are fully completed and CAFR’s (Comprehensive Annual Financial Reports) all settled with the state by calendar year-end. But here it is, […]

Oxnard City Manager appoints David Millican as new Chief Financial Officer May 26, 2016

Oxnard City Manager appoints David Millican as new Chief Financial Officer May 26, 2016

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 […]

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 […]

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 […]