TCN Report Shows Misuse of Funds
The Chamber of Commerce released the results of a long-awaited financial review late Wednesday afternoon to the City Manager’s office. Among the findings are a pattern of co-mingling of funds, diversion of specific-use funds and providing financial benefit to a board member.
The Coast News was unable to get comments from the former Chamber employees, Gary Tucker or Mike Andreen, who have recently left the Chamber. Both men are considered players in Encinitas politics.
Read the whole article and the audit report at The Coast News.
See Also: TLB Rumors Erupt at ECC
"Our off balance sheet obligations associated with Social Security and Medicare put us in a $56 trillion financial hole—and that's before the recession was officially declared last year. America now owes more than Americans are worth—and the gap is growing!"
WSJ Warning: The Deficits Are Coming!
After rumors of fiscal mismanagement and possible misuse of taxpayer funding an audit of the Encinitas Chamber of Commerce is being conducted.
Read UT City is Looking for Some Good Sand.
As is common among local government pension systems in California, workers have not been making annual contributions toward their pensions in nearly all of the small cities in San Diego County.
Calpensions goes on to state that staff in the City of La Mesa will begin covering their pension contributions.
Encinitas taxpayers continue to pay a substantial proportion of the "staff's" contribution to the pension system.