
IS IT TRUE March 6, 2013
IS IT TRUE financial consultant David Garrett has issued his report to the City Council and it identifies some variances in the three large accounts managed by the City of Evansville that amount to nearly $17 Million with the net of the three variances amounting to nearly $7 Million?…that $7 Million is not in the favor of the City of Evansville?…the Winnecke Administration has fired a first volley back stating that they will repudiate Garrett’s findings as being incorrect?…this will be quite interesting because accounting, engineering, and other mathematics based professions really do have a right answer that will eventually be found for all to see?…David Garrett has done much research often with limited cooperation from city officials to arrive at his conclusions?…it is now up to the Winnecke Administration to respond in a timely and accurate way?…given the wording used in the first round of the face off for accuracy it is clear that either Mr. Garrett or the stewards of public money (City Controller’s office) will be proved to be wrong?…quite frankly the Weinzapfel Administration handed the Winnecke Administration a un-auditable PIG IN A POKE when it came to good practice in accounting?…when Mayor Winnecke took office the City of Evansville’s books had not been reconciled for a full year, there was no working software to do accounting with, and those facts were well hidden?…during 2011 and 2012 over $100,000 was spent by the City on CPA firms to fix these problems without success?…it was only when an audit by the Indiana State Board of Accountancy called the City of Evansville out for ineptness that the City Council hired Mr. Garrett to find the variances, the gaps, the failures, and to report on them?…he has done that and now the very people who failed to do this job are crying foul?…if the Weinzapfel Administration and the Winnecke Administration had done their jobs correctly there would have never been a need for David Garrett?…we hope other media will join the City County Observer in objective consideration of Mr. Garrett’s report and the forthcoming rebuttal by the Office of the Controller?…one of these assertions WILL BE PROVEN WRONG AT SOME POINT?
IS IT TRUE that the Ford Center is once again in the news for financial performance and as was easily predictable by the performance of similar facilities there was an operating loss?…the loss was only $281,000 which by arena metrics is not too terrible?…that does not include the approximately $8 Million of interest that was paid out of another pocket for the debt incurred to build the Ford Center?…the operating expense that put the Ford Center from making a profit was a collection of charges by the Building Authority of $1,861,293?…the Building Authority under the management of Dave Rector took down a significant amount of the operating expenses of the Ford Center?…it is time for the management of Ford Center to send the contract for these services out for bid and make the Building Authority earn this money the old fashioned way?…that would be to bid the job, win the job through a fair competition, and then do the job well?
IS IT TRUE it also seems as though there is no plan to do or fund the future maintenance of a capital nature at the Ford Center?…there have been recent reports of dirtiness, little things broken, etc. which do not reflect well on the maintenance crew?…it would be a shame if the Ford Center falls into squalor the way Roberts Stadium, Mesker, the Victory, and the Evansville Parks have?…the City of Evansville really has a terrible track record of taking care of things so this should come as no surprise?…the time to change that is right now and the time to establish good accounting practices is also right now?…when it comes to fixing and counting it seems like the City of Evansville had a municipal lobotomy some time ago?
IS IT TRUE it is being reported that the foreclosure of homes in the USA has diminished from the record rates of a few years ago?…the sale of properties for less than is owed on them (short sales) are making up for the foreclosures though as banks have finally learned that working with underwater homeowners is better than foreclosing and seeing properties devalue and rot?…it only took five years for this lesson to be learned?…this is a good reality to accelerate the adoption of sanity and sustainability in the vacuum created by the real estate crisis?…many of the abandoned homes in Evansville are owned by banks who foreclosed on them?…finding the people of authority in these slum owning banks may be a bigger problem for the landlord registry than tracking down out of town landlords?…we shall see how sharp the enforcement teeth are when it is a big out of town bank getting fined $100 per day for not registering?






