Comments on: Fort Wayne to receive $7.5 million windfall in 2009

By: gadfly

gadfly — Sat, 19 Jul 2008 04:00:18 +0000

Squarefinger …

Although it looks to be true at times, Governments do not have Income Statements or Balance sheets. Non-profits such as the city government use an accounting system known as Fund Accounting to tie income and expenditures to authorized programs to assure control. Having said that, I shake my head over the liberties taken with Harrison Square.

Must be the reason we have a City Controller.

By: Squarefinger

Squarefinger — Thu, 17 Jul 2008 17:12:07 +0000

I would be interested in the analysis from Ron Renking and Mike Sylvester on this issue. As I recall, one or both of them did an analysis of the City’s obligations last year and the resulting annual budget implications. If what the State Auditor has said is indeed true and this obligation is included in the implementation of HB1001, what does the City’s balance sheet and income statement look like as a result?

By: Bob G.

Bob G. — Thu, 17 Jul 2008 15:35:42 +0000

Dan:
Shouldn’t that be “King” Henry, & Duchess Roller of the County of Control?

(besides, isn’t the city ALSO due some $$$ from a utility payoff thing in 2009? I recall a few million THERE too)

B.G.

By: Mark S. Anthony

Mark S. Anthony — Thu, 17 Jul 2008 14:55:07 +0000

I have to agree with AWB on this one. If the information is no longer true, why does the city have it on their website and why has no one from the mayor’s office patted the state on the back for taking over the liability? Perhaps they don’t want anyone to know…………

By: AWB

AWB — Thu, 17 Jul 2008 14:32:11 +0000

Jeff,

I looked, I could not find anywhere where Roller mentioned the state taking over the liability. Also, if that’s old and no longer valid information, it should be taken OFF the city’s web site.

By: Jeff Pruitt

Jeff Pruitt — Thu, 17 Jul 2008 14:29:51 +0000

Dan,

That news release was dated August 29, 2006!

Your post makes it sound like it’s from the Henry administration but it’s almost two years old and was released well before HB1001 was even a thought in anyone’s mind.

The controller has mentioned the pension takeover in more than one newspaper article…