CITY OF EVANSVILLE
AUDIT RESULTS AND COMMENTS

BANK ACCOUNT RECONCILIATIONS (City, Water Utility, and Wastewater Utility)

City cash and investment fund balances, including Water and Wastewater funds, were not properly
reconciled to bank balances.

Multiple bank reconcilements were presented for audit. Errors noted on the City’s bank reconcilements included:

1. One bank account was not included in the City’s original bank reconcilement.

2. The wrong balances from some of the bank statements were used in the City’s reconcilement.

3. Outstanding checks at December 31, 2012, were overstated.

4. Fund transactions were withdrawn from the incorrect bank account.

5. Random adjustments were added and later deleted from reconcilements presented for audit.

As a result of incomplete and inaccurate reconcilements, improper accounting for cash and investments and incorrect postings s to the records remained undiscovered by the City. When aggregated, the errors
and discrepancies noted on the bank reconcilement resulted in a difference between the record balance and  bank balance that was not considered material.

Indiana Code 5-13-6-1(e) states: “All local investment officers shall reconcile at least monthly the balance of public funds, as disclosed by the records of the local officers, with the balance statements provided by the respective depositories.”
ANNUAL REPORT (City, Water Utility, and Wastewater Utility)

The Annual Report submitted through the Gateway system for 2012 contained material errors.  Several adjustments to the beginning balances, receipts and disbursements were proposed during the audit
and made by the City. A similar comment appeared in prior Report B41037.

IS IT TRUE that Councilwoman Stephanie Brinkerhoff-Riley may have been the center of controversy over releasing the recording of the exit interview of the 2012 City of Evansville audit but in the end she bowed out with a very forward looking video to admonish the City Council to move forward and concentrate on the real problems facing Evansville?…in her decision to resign from the symbolic office of VP of the City Council right before the mob driven meeting to bully her out, she deprived the ego driven feeding frenzy of an opportunity to chew her out in public?…the only reason it would have been in public is because the closed door meeting that was scheduled turned out to be illegal?…that is par for the course here in BACKROOM DEAL CITY and the CCO is glad the personal phase of this debacle is over?

IS IT TRUE the ego driven debacle may be over but today is the day that it is expected that the 2012 audit will actually be made public?…with the recording out there for all to see there will surely be some reasonable people who will compare the final report to the exit interview and will analyze any differences with a fine toothed comb?…if those differences are vast there will be calls for explanations?…the CCO does think it is possible that things like the fact from the recording that the payroll and pension accounts DID NOT BALANCE on March 12, 2014 could have been fixed during the 11 weeks it has taken to publish the final report?…if this problem really is behind us then kuddos to the City Controller Russ Lloyd for finally cleaning the unmitigated disaster that the Weinzapfel Administration left on his plate?…there were many other adverse opinions expressed in the recording on other subjects and the part about the federal funds management was the most disturbing?…it is time to start to focus on the content of both the recording and the forthcoming audit and stop the political grandstanding?…we hope the events of the last 11 weeks have taught our city council that substance matters more than fluff?…we are not taking bets on that?

IS IT TRUE that some other local politicians needs a reminder on the content of the Sherman Antitrust Act when it comes to interfering with the relationship between a business and a long established customer?…the following excerpt should make it crystal clear to anyone who takes the time to read it that doing things to interfere with such relationships has a very serious consequence?

Every “conspiracy, in restraint of trade or commerce” is illegal, the act says. “Every person who shall make any contract or engage in any combination or conspiracy hereby declared to be illegal shall be deemed guilty of a felony, and, on conviction thereof, shall be punished by fine” or “by imprisonment not exceeding three years, or by both said punishments.”

IS IT TRUE censorship is the suppression of words, images, or ideas that are “offensive,” happens whenever some people succeed in imposing their personal political or moral values on others?…censorship can be carried out by the government as well as private pressure groups?…censorship by the government is unconstitutional.

IS IT TRUE we hear that the political fix is IN ?…our back room Civic Center “MOLES” tell us that City Councilman Dr. Dan Adams will be elected the new Vice President of City Council at the next Council meeting?