Home » Posts tagged with » Eden Casareno’

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 […]

More on the Oxnard Accounting meltdown

More on the Oxnard Accounting meltdown

By George Miller Ever since operational audits were initiated by Oxnard City Manager Greg Nyhoff a few months after he came aboard on 6-1-14, the city has been aware of glaring deficiencies. 128 were identified, in multiple departments, possibly worst and certainly most visible, in the Finance Department. Months after Finance Director James Cameron retired in […]

Good news/bad news at Oxnard Fiscal Policy Task Force meeting- $89 million in discovered liabilities, no bank reconciliation yet and ….

Good news/bad news at Oxnard Fiscal Policy Task Force meeting- $89 million in discovered liabilities, no bank reconciliation yet and ….

By George Miller First the bad news: $89 million dollars in previously undiscovered liabilities; failure to reconcile bank statements for a year; no CAFR until February 2016 (best estimate); $10 million in golf course losses, $40 million in deferred compensation liabilities not shown; weak internal controls; antiquated systems The City Council formed the Fiscal Policy […]