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Toyota is closing its Erlanger, Ky. headquarters which means nearly 1,600 jobs from that facility will be moving to Texas.
The move was announced on Monday, April 28, but it’s not expected to begin until 2017.
All of the jobs from its U.S. Headquarters in California will also be moving to Texas along with other management positions currently in New York.
Toyota says the new headquarters will bring together employees who are now scattered around the country.
Gov. Steve Beshear released the following statement:Â
“Obviously, we are extremely disappointed by Toyota’s decision. We would have welcomed the opportunity to discuss options with Toyota, but we will now turn our attention to preparing for this transition.
We also are disappointed that the lives of hundreds of Kentuckians will be disrupted, and we pledge to assist those families however we possibly can. This transition will take two to three years to achieve, and Toyota has assured us that the company plans to offer industry-leading programs and packages to its people.
In the past 30 years, Toyota has invested approximately $6 billion in Kentucky. And with 300 jobs moving from Erlanger to Georgetown and 750 new jobs being added to support production of the Lexus ES 350, there will be some 8,200 Toyota employees in Kentucky after the move. The Toyota officials have assured us that a continued strong presence in Kentucky is central to Toyota’s ongoing success.
Kentucky remains a powerful force in auto manufacturing, and we will do everything possible to maintain and strengthen Kentucky’s position as one of the top states for the auto industry.â€
This move comes on the heels of Toyota’s recent exit from Australia after labor disputes and after closing it’s last union plant in the United States. Â It is notable that all of the jobs are being relocated to “Right to Work” states (Texas and Michigan) from non right to work states (Kentucky, New York, and California).
IS IT TRUEÂ the City County Observer has located an easy to understand definition of what the 4 kinds of opinions that audit teams issue at the conclusion of the audit process?…these things are as self explanatory as they can be and we will let this stand on it’s own as we await the “official” release of the City of Evansville and the Water and Sewer Utility audits for 2012?
Unqualified Opinion
Often called a clean opinion, an unqualified opinion is an audit report that is issued when an auditor determines that each of the financial records provided by the small business is free of any misrepresentations. In addition, an unqualified opinion indicates that the financial records have been maintained in accordance with the standards known as Generally Accepted Accounting Principles (GAAP). This is the best type of report a business can receive.
Typically, an unqualified report consists of a title that includes the word “independent.†This is done to illustrate that it was prepared by an unbiased third party. The title is followed by the main body. Made up of three paragraphs, the main body highlights the responsibilities of the auditor, the purpose of the audit and the auditor’s findings. The auditor signs and dates the document, including his address.
Qualified Opinion
In situations when a company’s financial records have not been maintained in accordance with GAAP but no misrepresentations are identified, an auditor will issue a qualified opinion. The writing of a qualified opinion is extremely similar to that of an unqualified opinion. A qualified opinion, however, will include an additional paragraph that highlights the reason why the audit report is not unqualified.
Adverse Opinion
The worst type of financial report that can be issued to a business is an adverse opinion. This indicates that the firm’s financial records do not conform to GAAP. In addition, the financial records provided by the business have been grossly misrepresented. Although this may occur by error, it is often an indication of fraud. When this type of report is issued, a company must correct its financial statement and have it re-audited, as investors, lenders and other requesting parties will generally not accept it.
Disclaimer of Opinion
On some occasions, an auditor is unable to complete an accurate audit report. This may occur for a variety of reasons, such as an absence of appropriate financial records. When this happens, the auditor issues a disclaimer of opinion, stating that an opinion of the firm’s financial status could not be determined.
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SPONSORED BY DEFENSE ATTORNEY IVAN ARNAEZ.
DON’T GO TO COURT ALONE. CALL IVAN ARNAEZ @ 812-424-6671.
Evansville Police are trying to identify a woman who stole $2,000 worth of cologne at the Ultra store on the east side.
The theft happened on April 9th around 1:00pm. There is a man with her at the time of the theft.
If you recognize these people, contact EPD at 436-7979 ot WeTip at 1-800-78-CRIME.
SPONSORED BY DEFENSE ATTORNEY IVAN ARNAEZ.
DON’T GO TO COURT ALONE. CALL IVAN ARNAEZ @ 812-424-6671.
Below is a list of felony cases that were filed by the Vanderburgh County Prosecutor’s Office on Friday, April 25, 2014
TERRY DAUGHERTY Intimidation- Class C Felony (Two Counts)
Resisting Law Enforcement-Class D Felony
Criminal Recklessness- Class D Felony
Invasion of Privacy-Class D Felony
AMY LANETTE MCGINNIS Operating a vehicle with an ACE of .15 or more- Class A Misdemeanor
(Enhanced to Class D Felony Due to Prior Convictions)
Marcellus Washington Possession of Cocaine, a Class D Felony
Resisting Law Enforcement- Class A Misdemeanor
(Habitual Offender Enhancement)
Randall Carroll Tuck III Theft- Class D Felony
Resisting Law Enforcement-Class A Misdemeanor
Logan Reed Strangulation- Class D Felony
Domestic Battery- Class A Misdemeanor
Ralph Duncan Strangulation-Class D Felony
Ashley Durham Theft- Class D Felony
Justin Ray Market Possession of Meth- Class D Felony
Possession of a Sch IV Controlled Sub- Class D Felony
Garland Henry Ragler Unlawful Possession or use of a Legend Drug- Class D Felony
Public Intoxication-Class B Misdemeanor
Troy Allen Howell Theft- Class D Felony
(Habitual Offender Enhancement)
For further information on the cases listed above, or any pending case, please contact Kyle Phernetton at 812.435.5688 or via e-mail at KPhernetton@vanderburghgov.org
Under Indiana law, all criminal defendants are considered to be innocent until proven guilty by a court of law
Republican candidate for the nomination for County Commissioner Bruce Ungenthiem has release his campaign’s April campaign finance report. The four donors that have contributed over $1,000 are as follows:
1. Fraternal Order of Police: $4,000
2. Steven Blankenburger: $4,000
3. Bruce Ungenthiem: $1,170
4. Tom Small: $1,046
Two other donors made contributions of $1,000.
The 10 largest donors to the Abell for Commissioner campaign are as follows listed on Marsha Abell April 21, 2014 report. Please click the links posted at the bottom of this page to get accurate and detailed information concerning Marsha Abell April 2014 finance report.
1. Barnes & Thornburg LLP (Indy law firm): $5,000.
2. Vanderburgh County GOP: $5,000 Â Also it was reported in the Jan. 14, 2014 finance report that the Vanderburgh County GOP also give Marsha Abell $5,000. Â This make a grand total of $10,000 donated by the local GOP to Abell’s campaign .
3. Friends of Mayor Winnecke: $4,500
4. SIBA Builders PAC: $4,000
5. Steven Jones: $2,800
6. County Attorney Joe Harrison Jr.: $2,500
7. DPBG Pac: $2,300
8. Kathryn Pankaoa: $1,500
9. Michael Schopmeyer: $1,500
10. Elect Joe Kiefer: $1,200
There were 10 other donors of $1,000 or more on the report.
The following links are to Part 1 & Part 2 of the April campaign finance report of Vanderburgh County Commissioner Marsha Abell.
EDITOR FOOTNOTE: TOMORROW WE SHALL POST INFORMATION FROM MARSHA ABELLS Â JANUARY 2014 FINANCE REPORT.