My Name is Paul H Cosentino. I started this Blog in 2011 because of what I believe to be wrongdoings in town government. This Blog is to keep the citizens of Templeton informed. It is also for the citizens of Templeton to post their comments and concerns.
Paul working for you.
Wednesday, November 30, 2016
Welcome to Templeton! Birthplace of Delusional Math!
Welcome to Templeton!
Birthplace of Delusional Math.
So according to the Gardner News(11/29/2016), "Town officials had stated that the $200,000 shortfall was created in part due to voters' recent rejection of using $87,500 of the town's stabilization fund to pay for the debt for the property at 252 Baldwinville Road."
The $200,000 shortfall was created by really bad budgeting figures for FY 17. Those bad figures ( i.e. lies) were presented to the annual town meeting by the board of selectmen. No discussion was allowed line item by line item in May. The chairman of the board of selectmen responsible for the FY 17 unbalanced budget was John Columbus.
The $87,500 for the debt payment boo-boo for 252 Baldwinville Rd is one part of the shortfall because the selectmen and the former town administrator screwed up.
The FY 17 budget presented by the selectmen and voted in May also screwed up:
$50,000 snow and ice
$27,500 health insurance
$15,000 unemployment costs
$13,000 audit-related expenses
$7,000 other expenses
Don't think that's the end of the screw ups/shortfalls.
To date over $300,000 has been spent to get the FY 13 books and other subsequent fiscal years in shape so they can be audited.
NO AUDIT ON FY 13 HAS BEEN COMPLETED TO DATE!
A contract for auditing services was signed in October 2016
On the bright side, the contract has been signed to have the audits completed:
Downside? You have to be able to pay for this service!
$28,000 per audit. 5 audits @ $28,000 = $140,000
The budgeted amount for audits FY 17 = $28,000.
So where is the money going to come from to pay for the FY 14, FY 15, FY 16, and FY 17 audits?
These audits will cost at least $112,000 and are a necessary component of the MFOB process.
Who signs a contract that will cost at least $140,000 when only $28,000 has been budgeted?