Seen or Unseen: 03/11/2008 Finance Committee Meeting
Next up in our Seen or Unseen series, where you, the reader, get to decide whether your local politicians are dishonest or merely incompetent… The March 11, 2008 Finance Committee meeting!
As before, let’s start with the minutes, so we can establish who the players were: 2008-03-11_Finance Committee_Minutes. Lo and behold, in early 2008, the Finance Committee was still being chaired by Scott Gruendl, with Mary Goloff (aka Flynn) and Larry Wahl rounding out the party.
(As a point of information, note that the Finance Committee minutes are prepared as a memorandum to the full council. This is standard procedure, so whatever information is contained in the minutes gets passed along to each and every council member.)
The first item on the minutes: Consideration of Deficit Reduction Strategy Implementation. According to the minutes, the council adopted a balancing strategy on December 18, 2007. So, why all the hoopla at the December 17, 2013 council meeting about the new-and-improved Executive Team “breaking new ground” by addressing deficits?
Want proof? Here are the minutes from that meeting: 2007-12-18_City Council Minutes_re_Finance Committee
I took the liberty of highlighting some fun details, such as Gruendl specifically calling out that “a significant reduction in costs totaling $912,323 has already been realized,” and seconding a motion that, among other things, reduced the Fleet Replacement Reserve by $300,000 for the next four years and reduced the transfer to the Private Development Fund [oh no he di’int!].
That intentional reduction in the Fleet Replacement Reserve should be kept in mind for a later blog post, which will delve into the Administrative Services Director’s shocking revelation to the 2012-13 Grand Jury about the decline of Fund balances over the last several years. The Private Development Fund deficit, always a council sweetheart, was clearly part of these discussions and the General Fund contribution to it was intentionally reduced. Yet now we’re being asked to believe that this is all news to the current council, including Gruendl and Goloff.
(As an aside, these minutes also demonstrate that Larry Wahl had to disqualify himself from downtown issues, along with Ann Schwab. So why all the recent flap about Schwab’s disqualification from the Sit/Lie Ordinance discussions?)
Now, back to the March 11, 2008 Finance Committee meeting. Next up on the minutes is a Financial Status of All Funds. Of particular interest is the following passage: “…as of 6/30/07 a total of 12 funds were in a deficit position.” [audible gasp] But I heard at a recent meeting that no one ever told them there were negative Fund balances!
While the Mayor has routinely snarked over the last few months that he didn’t like the flashy power point presentations provided by former staff, I’m finding them to be PRICELESS. Here are a few of my favorite slides; Gruendl and Goloff obviously nodded off and missed them.
The 12 funds in a deficit position as of June 30, 2007, and the two types of deficits: 2008-03-11_Finance Committee_Deficit Funds
The Private Development Fund’s existing and structural deficits, explained and with solutions offered. Wow! Does one of those bullet points read, “To resolve existing deficit, the City needs to transfer funds from the General Fund”? I thought no one ever told them the negative Fund balance was a General Fund obligation! 2008-03-11_Finance Committee_F862
The impacts of deficits, including the statement that “large deficits negatively impact the City’s cash flow.” But wait! No one ever warned them of cash flow issues! 2008-03-11_Finance Committee_Deficit Impacts
Want to flip through the entire presentation? Happy to oblige: 2008-03-11_Finance Committee_Status of all Funds
So, do we have convenient memory lapses, or intentional false accusations against prior staff? Ultimately, the council is responsible for all city actions, and plausible deniability doesn’t work when there are public records to dispute that plea.
Hey, Council — Here’s a suggestion: Learn the true history, and start paying attention to the lies you are being fed. Question the sudden need for drama, and what the underlying agenda — that someone else is setting — is really all about.
Hey, Readers — We appreciate each and every one of you. Doubly so when you share our blogs with a friend.
Remember: Truth Matters, Chico!
Posted on January 23, 2014, in Budget, Private Development Fund, Rants, Truth vs Lies and tagged Chico Budget Fraud, Chico City Council, Chico Finance Committee, Goloff, Gruendl. Bookmark the permalink. 2 Comments.