Wednesday, September 9, 2015

And the answer is?

As I pointed out in my Open Letter to Mayor Richards dated September 1, 2015 and posted to this blog on September 2nd, the General Fund I checking account had a balance of $1,533, 357.52 on December 31, 2014. 

In his June Budget Message, Mayor Richards stated that the City had $1,083, 915 Current Resources Available.

My question was, what happened to that $449,442.51 difference in five months? 

Mayor Richard's answer at last night's City Council meeting was that the City really has either $1,900.000.00 or $2,000,000.00 in the bank.

Nifty. Now Mayor Richard's June Budget Message is a cool million dollars wrong, give or take $100,000.

First, the question was why the City has $450k less money from January to June. Next the question is why the City has $900k more money from June to September. The January number is accurate. It is taken from a BB&T account statement. The June number is troublesome. The September number is preposterous and not credible. 

Personally, I trust Jesus and bank statements, but sometimes I have doubts about bank statements.

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