CITY OF RIVER$IDE: THE GENERAL FUND: $HOW ME THE MONEY?

Posted: January 10, 2012 in Uncategorized
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CLICK THIS LINK TO VIEW NOVEMBER 2011 POOLED CASH AND INVESTMENT REPORT

By May 1, 2012 the City of Riverside will really be in trouble.  As of November 30, 2011 the City of Riverside’s General Fund only had the sum total of $2,154.00  Yep we dared to ask, “Show me the money!”  But of course we wanted answers, we wanted the truth, but wasn’t sure how we would handle the truth, we got the truth.  Regardless, I said two thousand one hundred fifty four, not two hundred and fifty thousand dollars!   How do you pay the bills for our city with $2,154.00?  City of Riverside’s Chief Financial Officer Paul Sundeen stated in a Press Enterprise ariticl the city needs $50 million to $70 million available at any given time for day-to-day operations. The question needs to be asked what is the real reason Brad Hudson left. The 2 Billion dollar Renaissance was a complete failure.  According to discretionary fund records, Former City Manager Brad Hudson spent almost 200 million without any City Council approval.  Our prediction for 2012 will be The Beloved Fox Theatre will be closed and the real amount that was spent on the theatre will exceed almost 50 million.   Another question to ask is why the finance staff is currently working overtime?  Maybe trying to figure out who should be paid first, Police, Fire or General Staff?  Or will we have to eliminate our fire department and contract Cal-Fire, or will we have to eliminate our police department and contract Riverside Sheriff’s Department?  Well guess again…for one thing,  the Bond payments will supersede everything else, with 128 million due this year, and they, the city, only have two thousand one hundred fifty four dollars in the general fund?  Inquiring minds are asking, “Where did the money go?”  The City anticipates the upcoming property taxes to replenish the fund.  With unemployment and foreclosures at an all time high, with another real estate dip expected this year, how short will we come in reference to the city’s expectations?  Will the City pass it on to the taxpayer with increase utility and water rates?  Time will tell, THE TRUTH WILL BE TOLD.  Look out BRAD, this is the year of exposure..   The records attained were the result of a public records act request.

UNKNOWINGLY PUSHING THE ENVELOPE, KEEP CONNECTED WITH TMC, RATED RIVERSIDE’S MOST “SLANDEROUS” AND MEZZSPELLED, “MISSPELLED” AND “OPINIONATED” BLOG SITE!   TMC IS NOW EXCLUSIVELY ON FILE WITH THE COUNTY OF RIVERSIDE’S DISTRICT ATTORNEY’S OFFICE, AND PROSSIBLY POSSIBLY ON FILE WITH THE CITY OF RIVERSIDE’S POTENTIAL SLAPP SUIT LIST…  AGAIN, THANK-YOU COMMUNITY OF RIVERSIDE AND THE CITY OF RIVERSIDE EMPLOYEE’S FOR YOUR SUPPORT!  COMMENTS ALWAYS WELCOMED, ESPECIALLY SPELL CHECKERS!  EMAIL ANONYMOUSLY WITH YOUR DIRT!  TMC WISHES ALL, EVEN CITY HALL, A MERRY CHRISTMAS AND HAPPY NEW YEAR!  THIRTYMILESCORRUPTION@HOTMAIL.COM  BY THE WAY, COMMENTS ALWAYS WELCOMED!

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