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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 […]

Oxnard: We have to pass the budget so that you can find out what’s in it

Oxnard: We have to pass the budget so that you can find out what’s in it

By George Miller Similar words infuriated people on one side of the political divide and had many on the other side sadly shaking their heads in wonderment when Speaker of the House Nancy Pelosi applied them to the multi-thousand page health care bill four years ago.  While they weren’t uttered at at the City Council […]