ANALYSIS: TIME FOR ACCOUNTABILITY OF BOOKKEEPING POSTING

first_imgAccording to the most recently published Financial statements as of June 30, 2015 by Evansville City Controller, Russ Lloyd  Jr shows he forgot to post the current $4 million dollar unpaid liability for outstanding Health Care cost reimbursements.  In essence, it  seems like the City  of Evansville hasn’t paid approximately $4 million dollars in health care bills for services provided to our City Employees so far this year.We hope that at tonight’s City Council meeting, the more financially astute members of City Council will question City Controller Lloyd as to his strategy in effectively dealing with this alleged financial issue.Its alleged that we presently have less $1 million dollars in our General Operating Fund.  If this is true, accounting 101 tells us that if one’s expenses exceed one’s income, and one’s debtors demand immediate payment for one’s outstanding obligations, then involuntary bankruptcy is imminent.We hope that we are wrong about this issue and that the City Employees medical bills have been paid and this was just a bookkeeping mistake!Please take time and vote in today’s “Readers Poll”. Don’t miss reading today’s Feature articles because they are always an interesting read. New addition to the CCO is the Cause of Death reports generated by the Vanderburgh County Health Department.Copyright 2015 City County Observer. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.FacebookTwitterCopy LinkEmailSharelast_img

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