I read Kristie Wells’ commentary on last week’s meeting of the Committee on Local Government Finance. I have a vastly different perspective on what transpired. Major Concerns Although the committee certainly expressed concerns about possible overspending in the General Fund, more than ¾ of the denied budget augmentation was not related to the forensic audit. For some unexplained reason the Tax Department staff report didn’t mention the rest of the $1.5M in unbudgeted expenses, just the $350k for the due diligence audit. Wells’ summary emphasized the Board’s responsibility for potential overspending, but fails to mention the discussion by the committee … Continue reading →

What went wrong? If you haven’t had time to listen to IVGID meetings, at least take a look at pp. 156-160 of the Board packet for the 1/31/24 meeting. The interim Finance Director, Bobby Magee, has listed numerous financial issues that either have been or still need to be addressed. With such an extensive list of major shortcomings in IVGID’s financials, it’s apparent that past leadership failed to provide adequate financial oversight of our recreational venues. It’s pretty obvious from Board meetings, Audit Committee meetings and Golf Advisory Committee meetings, that our former GM failed to monitor the financial health … Continue reading →