It’s amazing; we heard the Town does not have the 2018-2019 Audit, What’s sad is I don’t recall what happened after Stacy Tebo quit and Tommie Jones took over. She certainly had no reason to help Jones; he was ignorant and the biggest liar ever.
I guess hardly a notice was provided for a meeting to review not an audit but some sort of draft. The manager and council were afraid to inquire about the actual audit because they thought it would cost them $100,000. They didn’t have a letter of engagement and it was a good thing that Scott Gay came to the meeting and rescued the moment with sound advice since he is a brilliant CPA. No the town would not be charged $100,000 and why couldn’t our illustrious Town Manager just call the firm who issued the draft and inquire about the money and whether an actual audit could be done. But no, she and the council must depend on someone else because they do not have the knowhow to run a municipality.
Furthermore, Stacy Tebo quit because Helen Miller appointed Anita Rivers to the council so Anita should have known what happened in that time but she was too busy bashing Helen Miller.
This is what we know about the 2018-2019 audit.
In a memorandum sent from Marc Schnoll on February 4, 2021 to our Town Manager, he stated a number of items he currently needed for the Town of White Springs 2019 audit.
They asked for help on some of the financial statement disclosures-essentially, notes from last year’s audit 2018. These disclosures and notes need to be updated with current information and those references relating to specific highlighted passages in the 2018 financials are needed. Mr. Schnoll attached the 2018 Audit in pdf form for Ms. George on which there were inquiries..
Postemployment Benefits Other Than Pensions (OPEB)
Other Postemployment Benefits (or OPEB) are benefits (other than pensions) that U.S. state and local governments provide to their retired employees. These benefits principally involve health care benefits, but also may include life insurance, disability, legal and other services.
- Actuarial assumptions and other inputs applied in the measurement – Note 10, page 49 the pdf (see highlighted area)
- Kindly provide OPEB details as of September 30, 2019 determined by actuarial valuation.
- Total OPEB liability – Note 10, page 48 of the pdf (see highlighted area)
- OPEB expense – Note 10, Page 50 of the pdf (see highlighted area)
- GASB ( The Government Accounting Standards Board ) 75 Report performed by Southern Actuarial Services – please provide
- Kindly provide 2019 Construction and Grant Related Commitments – Note 10, Page 52 of the pdf (see highlighted area)
- Is there any additional Commitments during the year? If there’s any, kindly specify.
Request #2 – Early in the process, Tommie gave them a fixed asset spreadsheet. That’s helpful, but what they still need is a depreciation schedule; a spreadsheet showing the calculation of depreciation for the General and Proprietary funds. The prior auditor indicated that he received this form from your predecessors in the past (Please see attached Batch 1A TOWS Fixed Asset Inventory Report excel file)
End of Requests
WHETHER VANESSA GEORGE EVER RESPONDED IS ANOTHER STORY BECAUSE SHE IS OUT OF THE OFFICE MORE THAN SHE HANDLES HER TOWS JOB. MS GEORGE PROBABLY THREW OUT THE 2018-2019 FY ENGAGEMENT LETTER FROM SEXTON & SCHNOLL WITH THE MEETING MINUTES AND OTHER CRITERIA.
Our fiscal year ends September 30th, and the 2018-2019 FY Audit is still not done requiring all of the aforementioned information. By statute the audit is to be finalized and sent to the State Agency within nine months so we’ll have to see if our Certified Public Accountants Sexton & Schnoll make the deadlines; that is if our Town sends him all of the information and we know Michael Whitehead was here during that time.
Also the Certified Public Accountant must provide the Public its findings once the final audit is completed, as their predecessor did Ken Daniels when he told all at the meeting how broke the Town was.
Next, we do not have the 2019-2020 Audit as we stated on the blog and the CPA will not discuss anything or comply with public records so it is up to this fine ignorant council to do something.
Karin for the blog.