IS IT TRUE that the City of Evansville signed a contract to pay the salary of the person to work on a new software package to debug it so it can function?…to this date this expensive program that was a capital expense still doesn’t work?…apparently the Indiana State Board of Accounts has been to Evansville and cannot even render an opinion as to the accuracy of the City of Evansville’s financial records?…the accounts have not been reconciled since January of 2011 a full 21 months ago?…the problem is in converting the old system to the new Munis System?…the CCO has a copy of the contract for the work and would like to invite the contractor to respond preemptively prior to posting this contract for our readers to see?… many people in authority believe that what should have happened is that both systems should have been used until the conversion to the new system was proven to be successful?…in reality the City of Evansville under the Weinzapfel Administration stopped using the old system and did not run it parallel to the new one?…that failing to keep both systems running has rendered the City of Evansville incapable of performing even basic audit functions such as reconciliation?
IS IT TRUE the Civic Center Moles tell the CCO that the SBOA will issue a Disclaimer of Opinion which basically says don’t look at us if money comes up missing?…in the meantime the Evansville City Council has not received a financial report from the administration beyond the period ending June 30th?… the last report was May of 2012?…when the Winnecke Administration provided the City Council with the proposed 2013 budget, it showed revenue and expenses through June?…that the Evansville City Council has a very incomplete financial picture in which to determine a 2013 budget due to yet another financial fiasco rooted in the Civic Center?
IS IT TRUE that things like this are the kinds of things that lead to a lower bond rating which in turn leads to higher interest rates being charged on new debt?…that some will see having the City of Evansville’s hands tied when it comes to issuing new debt as a positive and they may be correct when it comes to games, parks, and temples to sport but there are legitimate needs for all cities to borrow and a great credit rating makes that less expensive and easier to do?…there is that looming debt of over $500 Million that will need to be issued to get the EPA off our back and fix the combined sewer overflow problem?…that a paltry 1% increase in the interest rate would cost the water and sewer ratepayers of Evansville an additional $5 Million per year or about $100 per water meter per year?…poor financial management by elected officials can be quite devastating to a city and that the CCO encourages the City of Evansville to get this under control so a clean opinion can be rendered by the SBOA and robust day to day financial management can be accomplished by the City of Evansville?