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First Oxnard Finance & Governance Committee Meeting

First Oxnard Finance & Governance Committee Meeting

By Dan Pinedo & George Miller The Oxnard City Council – Finance and Governance Committee, (Mayor Tim Flynn, Councilman Bert Perello and Councilwoman Gabriela Basua), held its first meeting in the new streamlined format on 1-22-19. Late last year, the Oxnard City Council voted to reform the city meeting procedure, creating five committees to help […]

Santa Paula: Comprehensive Audited Financial Report (CAFR) FY 16-17

Santa Paula: Comprehensive Audited Financial Report (CAFR) FY 16-17

By Sheryl Hamlin Brett Van Lant of Van Lant & Fankhanel, LLP (CPA firm) presented an eight page Powerpoint consisting primarily of text describing the auditing requirements and methodology. Shown below is the one page from the presentation with financial information from the CAFR, which presumably the auditors considered as the most important from the […]

Oxnard City Council sets recall election schedule, receives CAFR report and more

Oxnard City Council sets recall election schedule, receives CAFR report and more

By George Miller The most important item at the 1-23-18 Oxnard City Council meeting was setting a May 1, 2018 date for the recall election and related discussions.  Nominations start THIS Thursday, January 25. Story appears further down below. Auditors and staff presented what they say was a”clean audit,” with most disastrous findings of the […]

CA Controller Publishes Golden State’s Comprehensive Annual Financial Report

CA Controller Publishes Golden State’s Comprehensive Annual Financial Report

State Controller Betty T. Yee today issued the state’s Comprehensive Annual Financial Report (CAFR) for the fiscal year that ended June 30, 2016, showing that California ended the 2015-16 fiscal year with General Fund revenues of $117.6 billion, a 0.7 percent increase ($796 million) compared to the prior year. Personal income tax and sales and […]

Oxnard CAFR & Audit now ready- looks mostly better than last year

Oxnard CAFR & Audit now ready- looks mostly better than last year

By George Miller Oxnard’s Comprehensive Annual Financial Report (CAFR) for Fiscal Year 2015/2016 is now available. This is far sooner than last year’s and with far fewer problems, according to Oxnard’s auditors and CFO.  It was presented at the 2-8-17 Fiscal Poilicy Task Force meeting.The CAFR presentation is on the 2-14-17 City Council agenda The […]

Auditor: Oxnard has worst municipal financial records- EVAH!

Auditor: Oxnard has worst municipal financial records- EVAH!

By George Miller Oxnard has worst municipal books- EVAH! This is paraphrased, but was pretty much the opinion of not only Eadie + Payne, Oxnard’s auditors, but also CFO Dave Millican, City Manager Greg Nyhoff and multiple members of the public. Roughly $200 million in net unfavorable adjustments were made, 138 by City staff and still […]

Oxnard Council tonight: CAFR, Property Tax Rate for Voter Approved Obligations, Operating and Capital Budget

Oxnard Council tonight: CAFR, Property Tax Rate for Voter Approved Obligations, Operating and Capital Budget

Oxnard FINALLY releases 2014/2015 CAFR (Comprehensive Annual Financial Report)

Oxnard FINALLY releases 2014/2015 CAFR (Comprehensive Annual Financial Report)

By George Miller Six months late and a year after the fiscal year ended, The City of Oxnard FINALLY released the 2014/2015 CAFR (Comprehensive Annual Financial Report) and audit results. This was announced by City Manager Greg Nyhoff, after four lengthy City Councl meetings in three days (review is still not complete, to be continued on 6/21/16), […]

Bankster issues ultimatum to Oxnard, which promises compliance

Bankster issues ultimatum to Oxnard, which promises compliance

CA Controller Publishes Comprehensive Annual Financial Report

CA Controller Publishes Comprehensive  Annual Financial Report

SACRAMENTO—California State Controller Betty T. Yee today issued the state’s Comprehensive Annual Financial Report (CAFR) for the fiscal year that ended June 30, 2015, showing that a resurgent economy led to a $29.6 billion increase in revenues in the 2014-15 fiscal year. While spending and transfers also went up, the increases were not enough to […]

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