Search and Categories

Here’s The Scoop … Black Cat Sleeping On The Lauderdale-By-The-Sea FY 2010/2011 Budget … Is It A Sign? …

DOLCE WARMING UP TO THE NEW BUDGET ? ….

Dear Readers …Vice Mayor Dodd’s cat Dolce (yes for Dolce and Gabbana… http://www.dolcegabbana.com/ …) decided the Town laptop was the place to nap…Is it a sign of a budget that he’s warming up to?…. Will it be too rich for non-designer aficionados?….

In any event.. while the VM is having at it…with the final budget this Sunday morn…This writer, after taking a quick look-see at what was in the backup on the Town website … (link below) …will heed Dolces’ warning and head off for the last Cubs game of the season …now that Lilly’s mom returned from Scotland last night…with a new scarf for her mom… Perfect timing…

The chill of sitting outside in the less than 60 degree climes in layered clothing will allow me time to clear my head and settle down to the details upon returning afterward….to post late tonight …

MIA though..are the justification sheets that were to be revised we were informed by the PIO and put on as requested…A loss for seeing what each department will receive… This budget was full of twists and turns due to the ongoing mess the new Int. TM & Int. Asst. TM /Acting Finance Director keep uncovering …leaving them with no choice but to revise the budget to give the Commission the 3.999 millage desired…

As previously posted the latest big hit was in the Sept. 28, 2010 TM Report backup ….

“Current Payroll Budget”

The payroll projections we have been working with in the current year assumed 26 payrolls, as one would expect. But as we’ve been refining our projections in the last few weeks i became clear that payroll in the current fiscal year would exceed the budget. We have discovered that the Town did not accrue the last payroll of FY 2008/2009 and that payroll was accounted for 100% in this fiscal year; none of it was allocated to the appropriate fiscal year. This is NOT generally accepted accounting practice. We are very surprised that the auditors did not note this in their management letter.

We obviously cannot go back and adjust the prior fiscal year to correct this issue. The result is that we will have to account for 27 payrolls in the current fiscal year, an extra cost of approximately $80,000.

We believe we should get this straightened may have to walk on to the September 27th agenda an item to appropriate funds to cover these expenses from fund balances. We are analyzing whether funds can be transferred administratively within budgets to cover these expenses. In some cases there may not be sufficient funds and we will have to have you appropriate funds before the fiscal year ends.”

So this will be an interesting dilemma come Mon. evening at the 6 pm final adoption of the millage/budget….The last time we talked about the millage the amount needed to be found was approx. $153,000 ….and now we are $80,000 down due to inept accounting practices….OUCH!…

Backups to all the budgets…on Town website under meetings…link to Town website… http://www.lauderdalebythesea-fl.gov/

With that….batter up….and of course…

more to come….

Tags: ,

Post Division