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Joined: Wed Apr 07, 2004 10:55 pm
Posts: 360
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Guest wrote: The reserves are so full of fluff!!!
I have to agree with Fred. He may not be 100% but I have to be honest, I trust him more than I trust anyone else.
Since, you trust me more than anyone else. I hope this helps you understand what the Board is hoping you don't find out as the ask for a 10% weighted tax increase.
This year the Sachem Board withheld $17 million of taxpayer money. By law the $17 million in the capital fund was to be returned to the taxpayers, used as intended http://www.sachem.edu/board/budget08/ex ... -14-08.pdf (see last page) or reserved prior to the tax levy. Instead the Board waited until after the tax levy and modified the 2011-12 budget. They held millions in the Capital Fund after the projects were completed as they cut payroll and programs by $10 million and raised taxes by $6 million. I consider that destroying $10 million in carriers and overcharging taxpayers what ever tax increase they received.
Read the Management letter and Singers letter to the NYS Comptroller
“The project length schedule lists 32 projects, 24 of which had no activity recorded in the last two years. These projects appear to be inactive and should be reviewed with a determination made as to their completion status. Completed projects should be closed out and removed from the schedule. A determination for the use of the residual funds in those projects will also need to be made. The remaining active projects should be periodically reviewed on a quarterly or semiannual basis to keep inactive projects from accumulating in the Capital Projects Fund.”
Go to http://www.sachem.edu/board/budget12/pd ... letter.pdf
And
http://www.sachem.edu/board/budget12/pdf/oct6_cap.pdf
Now look at this
2012-13 Budget 298,787,501 Expenses 298,787,501 Fund Balance???????00
2011-12 Budget 287,834,125 Expenses 287,834,125 Fund Balance ???????00
2010-11 Budget 282,111,665 Expenses 266,307242 Fund Balance 49,760,228
2009-10 Budget 277,694,940 Expenses 265,509,366 Fund Balance 41,687.472
2008-09 Budget 278,801,607 Expenses 267,926,888 Fund Balance 36,110,757
2007-08 Budget 274,707,921 Expenses 265,060,293 Fund Balance 32,148,964
2006-07 Budget 266,665,361 Expenses 262,000,417 Fund Balance 25,471,388
Also open http://www.sachem.edu/board/budget12/pd ... -30-11.pdf and look at pages 19 & 21
Demand the Board explain where the $17 million is (e.g the bottom of the 2011-12 check book?)
Demand the Board explain Why if we only actually spent $266,307242 last year to operate the District...Why do we need $287,834,125 to operate it this year and $298,787,501 next year.
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