At the most recent West Vincent Township meeting of March 7,
2016, a representative of Auditing firm Barbacane, Thornton
& Company LLP addressed the audience to explain the most
recent Township audit. This is the first time of record that I
know of that the Auditor has ever come to a Township meeting to
talk to the public. It was a thorough discussion and it can be
viewed here: https://youtu.be/E2nsmuErKWY?t=3410
John Jacobs requested that the latest audit be listed on the
website so that it is available for the public. There was a
discussion with the audience and the request was changed to
include the last 3 years to oblige some of the audience. The
Auditor said supplying this information would not be a problem
if Tammy needed it electronically. How great is that? You can
look over the financial condition of the the township for the
last 3 years. And here is what you will discover:
2013 - $384,000 surplus
2014 - $529,000 deficit
2015 - $325,000 deficit
3 year cumulative: $470,000 deficit
Wait! I don't seem to remember Jim Wendelgass letting people
know that in 2014 the Township ran over a HALF MILLION DOLLAR
DEFICIT in 2014, and then the same conduct continued in 2015.
2013 would have been protected from running a deficit because of
the 2012 re-financing of an $8.9 million ($8,900,000) debt
included and additional borrowing of almost $1 million
($1,000,000), which would have created a cash windfall making
the books look much better. Without that extra money, I suspect
the “$384,000 surplus” would not have existed.
Here is an article from the Daily Local about the borrowing:
West Vincent OKs debt refinancing
and here are two articles I wrote in 2012 on the subject. Google
"West Vincent Chickenman and select the year 2012:
10 March Funny WVT financing
18 March WVT over budget
This one is interesting because it shows that the taxpayers paid
$112,000 to outside sources in order to save no money. The BOS
cashed out all of the interest savings plus they borrowed more
money, approximately $150,000.
So there you have it folks. In the last 3 years of the Miller
Administration, 2 years of absolute bonafide deficits and one
that most likely would have been a substantial loss had there
not been a million dollar cash infusion in the prior year. That
cash infusion is financed and you, the taxpayer will be paying
for it through the year 2031.
Welcome to the legacy of the former administration of Miller,
Quinn and Brown that I have been warning about. Thank you for
getting the first two out of office.
To see my previous
mailings just Google chickenman west vincent. As
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