littledebbie wrote:
For your reading convenience,
I'll give ya that, but stiring in your hearsay bull$h!it isn't right either.
What heresay little?
Everything here has come out of the Indiana State Board of Accounts.
Quote:
Over $10,000,000 of late deposits.
$33,000,000 in over drawn accounts.
City Credit Card charges with out receipts.
And the State reporting Tom McDermott distributing contracts to contractors and there was absolutely no follow up that the laborers were getting union rate.
Exceptionally Poor Accounting Proceedures
Federal Awards:
Internal control over major programs:
Material weaknesses identified? yes
Significant deficiencies identified? yes
PAYROLL DEFICIENCIES
Over payment of consessions
No submittal of Festival Receipts
Schedule of Federal Grant Receipts and Disbursements for 2010 that was
materially inaccurate.
CRIME INSURANCE POLICIES
The crime insurance policies have not been filed in the office of the County Recorder as required
by Indiana Code 5-4-1-15.1(b).
April 2010 collections of
$13,638 were included in both the May and July 2010 distribution, resulting in an overpayment to the
County without the City resolving the overpayment as of May 2011
properties acquired by the City's Department of Planning and Development were not added to the City's capital asset records in
2010.
Financial Statement(s):
Internal control over financial reporting:
Material weaknesses identified? yes
1. Part 1 - Statement of Receipts, Disbursements, Cash Balances, and Investment Balances
(Governmental Funds) did not agree to the City's cash and investments balance at
year end. The Annual Report cash and investment balance was $8,383,205 less than
the City's ledger balance.
2. The Public Defender, Inspection/Rental, and Riverboat Loan Funds were omitted from
the Annual Report. The total annual receipts, disbursements, and ending cash balance
for all omitted funds were $7,628,065, $1,700,000, and $5,928,065, respectively.
3. The Annual Report omitted $6,120,425 of transfers in and out between funds. The
omission of the transfers caused 14 funds ending reported cash balances to disagree
with the City's ledger balances.
4. The Cabela's Bond Fund (#408) did not include $2,101,385 of receipts posted to the
City's detail of receipts ledger.
5. The Energy Efficiency and Conservation Block Grant Fund (#017) and the State Forfeited
Fund (#220) did not include $336,337 and $113,542, respectively, of disbursements
posted to the City's detail of disbursements ledgers.
The City Controller corrected the discrepancies noted above and filed an amended Annual Report
with the State Examiner. In addition, the City Controller approved the adjustments to the financial statements
presented herein to reflect the total receipt and disbursement activity.
Furthermore, the City advertised Part 1 - Statement of Receipts, Disbursements, Cash Balances,
and Investment Balances (Governmental Funds). The totals advertised did not agree to the City's ledger. The advertised cash and investment balance was $6,246,674 greater than the City's ledger balance.
In addition, even though the City's Annual Report filed with the State Examiner included the activity of the
City's Sanitary District, Water Utility, and Port Authority, the activity advertised did not include the receipt,
disbursements, and ending cash balance of the City's Sanitary District, Water Utility, and Port Authority.
Therefore, the receipts and disbursements of the City's Sanitary District, Water Utility, and Port Authority
were not published as required by law. A similar comment appeared in the prior report.
$31,682,814 in unapproved use of city gaming money!
In 2010, payments were made to the law firms of Eichhorn & Eichhorn, LLP and Baker & Daniels
in 2010 totaling $476,216 and $18,211, respectively, for litigation and professional services. These payments were made without written contracts.
Furthermore, the Park Board approved payments to Lisa Berdine and Dennis Hardesty in 2010
totaling $24,113 and $21,282, respectively, for legal services and boxing club management services
without written contracts.
payments were made to Bose Public Affairs Group totaling $60,137 for public affairs
services without a written contract.
Disbursements
in Excess of
Fund Approved Appropriations
General $ 2,711,309
Redevelopment Commission Operating 387,322
Water Hydrant Rental 136,387
A total of $2,711,309 ?
The City Clerk's office and Fire Department did not maintain appropriate payroll records
reflecting the actual number of hours worked each day by an employee.
College Bound $2,505,394 No audit on this program is their? Naw, we don't need no stinkin audit.
$3,142,294 in Penalities
Woodmar Tiff came in with $0 cash balance, generated $1,989,798 in Taxes
Disbursements were $1,326,532
$320,154 in Personal Service
Lost Marsh Golf Course started with a negative $244,270 begining balance.....and had not one black cent of income
Now the ReDevelopment Autority had $8,764,214 in receipts....what did they sell?
And disbursed $3,272,564, but in an adjacent line item had $2,768,917 in receipts, spending $5,583780 winding up with a negative blance of $2,814,863.
discovered that a $77,737.85
Section 108 loan repayment to the U.S. Department of Housing and Urban Development
was paid by both, a written check and electronic wire transfer in January 2010. The loan
trustee sent a reimbursement check to the City for the duplicate payment. The reimbursement
check was deposited and receipted back to the fund from which it was paid.
On January 15, 2010, a $77,737.85 disbursement was posted for the check issued for
the loan payment. However, the City voided the original check even though it cleared the
bank and a negative ($77,737.85) disbursement was posted on March 18, 2010, to
reverse the January 15, 2010 entry. Thus, the City's attempt to correct the situation
netted to an overstatement of the fund by $155,475.70. The overstatement was not
identified as a reconciling item on the April to December 2010 bank reconcilement until it
was discovered by the field examiner in March 2011. On March 31, 2011, the City
posted a negative ($155,475.70) receipt to correct the 2010 posting errors.
City's general bank account for December 2010 included a $154,694 reconciling
item for two March 2010 electronic wire transfers out for vendor payments that had not
been posted to the City's ledger. However, upon further review of the disbursement
ledger, the electronic transfers out were posted to the City's ledger on March 29 and April
3, 2010. Once the City posted the disbursement to the City's ledger to support the
electronic transfers out, the reconciling item should not have been a reconciling issue on
the City's monthly reconcilement after March 2010. However, a monthly "outstanding
wire xfers" reconciling item was carried on the monthly reconcilements from April to
December 2010.