IS IT TRUE FOR MARCH 16, 2016

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IS IT TRUE that the Evansville Brownfields Corp was just awarded the management contract for the soon to built parking garage and the new downtown Hotel?  …we are concerned that a Brownfields board member may have a conflict of interest by serving on the Evansville Brownfields Corp Board of Directors because she is the lead consultant for the building of the Downtown Convention Hotel and the parking garage?

IS IT TRUE on Monday City Council meeting City Controller Russ Lloyd Jr came before the group of apparent simpletons (City Council) to sell them on the proposition that the State Board of Accounts is an organization lacking in talent and audit expertise?  …it looks like he was successful?

IS IT TRUE the State Board of Accounts issued a supplemental disclosure of the State audit claiming that the General Fund balance as presented by the Winnecke administration was materially incorrect? …we wonder why City Controller Russ Lloyd Jr CPA don’t understand the State Board of Accounts supplemental disclosure report claiming that in 2014 the City of Evansville had a deficit of $6 million dollars?

IS IT TRUE we hear that the State Board of Accounts discovered that City Controller Russ Lloyd Jr may have mis-stated the General Fund balance?  …the SBOA found Lloyd Jr borrowed money earmarked for 2015 from the Water and Sewer Department to prepay  obligations the city had in 2014 in the grand sum of $2,440,000?

IS IT TRUE we are hearing that the State Board of Accounts may have discovered the that the City  failed to transfer money from the General Fund to the City Hospitalization Fund over $3.7 million in order to pay for our city’s employees’ medical bills? …by doing so it had the effect of overstating the General Fund balance by $3.7 million?

IS IT TRUE that the State Board of Accounts discovered in 2014 the City’ of Evansville did not properly reconcile it’s books and records to the bank balances? …that the State Board of Accounts reported that the combined errors in the City bank reconciliation account was off by $660,000?

IS IT TRUE we heard the City’s General Fund was negative 10 out of 12 months?  … when Mayor Winnecke, “ was told this he looked like a deer in head lights and made no comment?

IS IT TRUE that Riverboat Funds according to the 1995 City Council Resolution are to be used for capital improvements for firetrucks,  police squad cars, etc?   …these funds from this account must be approved in each year’s budget hearings by the City Council.?

IS IT TRUE  at the end of  December 2015, Tropicanna prepaid $12,500 million to the City that represented future rental income to be used to purchase future firetrucks, squad cars, etc.?  …Russ Lloyd Jr did this  without formal approval from City Council to moved future prepaid revenue from the Riverboat Fund into the General Fund order to help disguise the City deficit spending habits?

IS IT TRUE that in May of 2015 City Controller Russ Lloyd Jr failed to transfer nearly $4 million from the General Fund to the Hospitalization Fund?

IS IT TRUE that Russ Lloyd Jr received an advancement on City Revenues earmarked for 2016 in the amount of $1.4 million from the Evansville Water and Sewer Utility Department?

IS IT TRUE we wonder when members of the main stream media are going to do some serious investigative reporting that will expose the real truths about the obvious financial mismanagement  and over spending habits by the City of Evansville?

FOOTNOTES: Our next “IS IT TRUE” will be posted on this coming Friday?

Please take time and read our newest feature article entitled “HOT JOBS”posted in this section are from Evansville proper.

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Todays “Readers Poll” question is: If the election was held today for State Representative District 77 who would you vote for?

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27 COMMENTS

  1. The mainstream media is to busy covering the importance of when and how Owensboro will have hockey games.

    • Agreed ,and then if it wasn’t done on purpose that means he’s too stupid and he should be fired for incompetence

    • In the most simplest of terms Russ Lloyd, Jr is guilt of manipulation and deception. What is next? Corruption? In 2014 the SBOA reported cash SHORTAGES of $395,000 in 2014 and we have $659,000 cash SHORTAGES. When in the hell are the people going to WAKE UP and demand some forensics!!!

      • So, according to the City’s postings to the State Board of Accounts website the General Fund show nearly 6 mil POSITIVE and how in the hell did Winnecke pull that one off? Guess if you subtract the unauthorized transfer from the Riverboat Fund of $12.5 million, subtract the omission of the medical bills the General Fund owes to the Hospitalization Fund of nearly $4 mil, subtract the advancement of the utility dept charges of 1.4 mil and increase your vendor’s invoices by 1 mil the General Fund would be NEGATIVE by nearly 13 MILLION DOLLARS!!!!!

        • And this City is going to the bond market to convince would-be investors to buy bonds to finance Santa Lloyd’s pet projects with falsified financial statements???? And how you see why Russ Lloyd, Jr. defrayed the implementation of the professional standards of reporting under the Generally Accepted Accounting Principles (the accrual method of accounting GASB 34)

  5. So they moved moved from the Water department and now they are forcing a rate increase on us? You can tell Wienecke learned well from his past employer Fee-Third.

    Has anyone looked at the $275K given to the new SPHL team by Venuworks (a.k.a the city) to pay their franchise fee? Where did that money come from? Even after the mayor declared that no tax money would be spent on a hockey team.

  6. The same firm that runs the arena at a average $400k loss per year since it opened?

    • They may well be saddled with an impossible task. A $127 Million arena has about the same chance to make a profit in downtown Evansville as a Tiffany’s Jewelers does. The product is too expensive for the market.

      • https://youtu.be/Jh7hGmCKS70

        Every time the city administration or the State Board of Accounts open their mouth, different figures come out. The public does not know who, or what, to believe anymore. There is no trust between the taxpayers and local government.

        • When we have wild-eyed spending by irresponsible elected officials and your books are reported on the cash basis this will lead to misrepresentation, manipulation and deception hoping for as much confusion as they can mustard up. The Four Horsemen of the Apocalypse are saddling up and will be coming up Walnut Street and when the sh^&(*%t hits the fan there will be many out of work.

      • Very well said. This is the reason at the end of the day that the Ford Center will be looked at as a failure. Not to mention, it is very poorly constructed.

  7. What expertise does this group possess that qualifies them to be given a “management contract” for the hotel & parking garage?

  9. Great . . .we have McGinn who is perplexed . . what does a good republican stand for . . lower taxes and control of spending . . but instead, as the Finance Chairman of the Council, he declared openly that he would support high income taxes and the denial of the Homestead Credit . . .what? A Winnecke fan . . .with factious financial statement figures and his lack of comment to control spending . . .well folks grab your wallets!!!! What a pathetic individual!!!

  10. A search party is being formed to locate just one of the “constituents” Missy claims contact her to stroke her ego as a Win-Icky supporter. A reward must be offered, as this woman’s delusions are out of control. Meanwhile, the intelligent “constituents” watch Win-Icky raise the cost of living in Evansville and wait for Missy to demonstrate any ability to understand numbers, budgets or spread sheets. She plays with the Win-Icky team and her imaginary friends. Wonder if any new friends have come knocking at her door recently?

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