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Oxnard turf battle over internal financial controls continues at council meeting

Oxnard turf battle over internal financial controls continues at council meeting

By George Miller City Council, staff, the Treasurer and external auditor fought it out on whether Treasury has the right and responsibility to vet City disbursements of funds. Ref: 10-10-17 Oxnard City Council meeting agenda item C: C. APPOINTMENT ITEMS (5:00 PM)   Finance Department 1. SUBJECT: Independent Accountant’s Report on Applying Agreed-Upon Procedures (10/10/20) RECOMMENDATION: That […]

Oxnard Treasury, Finance fight over turf: Internal Controls responsibility

Oxnard Treasury, Finance fight over turf: Internal Controls responsibility

By George Miller Oxnard Treasurer Phil Molina has fought a year-long battle, mostly with CFO Jim Throop, over whether Treasury will be allowed to implement some principal campaign promises Molina made concerning verification and approval of expenditures. Throop and his boss, Asst. City Mgr. Jesus Nava, have seemingly moved heaven and earth to prevent Molina […]

Oxnard activist accountant challenges city management, auditor, CFO, on financial controls

Oxnard activist accountant challenges city management, auditor, CFO,  on financial controls

By Lawrence Paul Stein   Mr. Assistant City Manager Nava: .I am a degreed accountant with over 25 years of experience, but not a CPA. I am also a former candidate for Oxnard City Treasurer who lost the 2016 election by 400 votes (of over 40,000 votes cast) to a more qualified candidate. One of […]

Ex-Oxnard employees owe city money for illegal pension benefits?

Ex-Oxnard employees owe city money for illegal pension benefits?

By Phil Molina Editor’s note: Oxnard Treasurer Phil Molina and some other local activists, including Councilman Bert Perello, have been pushing hard, first to expose illegal pension supplements granted by former City Manager Sotello. Now they are trying to pressure the city to collect the outstanding balances. Name amount owed city amount paid % collected […]

One of Nation’s Largest Credit Agencies Speaks Out on Governor, Treasurer’s Pension Stabilization Plan

One of Nation’s Largest Credit Agencies Speaks Out on Governor, Treasurer’s Pension Stabilization Plan

Yesterday afternoon, Moody’s Investors Service, one of the nation’s three largest credit rating agencies, issued a report on the pension stabilization plan proposed by Governor Brown and Treasurer Chiang. The ratings service concluded the proposal is a “credit positive development because it suggests the state will aggressively counter a projected rise in its unfunded pension […]

New Oxnard business license tax rates will take effect July 1, 2017

New Oxnard business license tax rates will take effect July 1, 2017

By Phil Molina .Oxnard City Officials and public: . Earlier this year I provided the Mayor and Council with the resolution and the CPI Index that is required to be used to increase the Oxnard business license taxes. I did not hear from the Mayor or Council concerning this information and, therefore, consistent with the […]

Oxnard Treasurer writes about water costs

Oxnard Treasurer writes about water costs

By Phil Molina  . A number of friends asked me for my comments about Oxnard’s Water Enterprise utility. To respond I am providing the information below, which is not intended to answer all questions, but just to look at the P&L (Profit and Loss) statement for some clues as to what happened and why. . […]

The buck stops here? Oxnard Treasurer says he struggles to be allowed to do his job

The buck stops here? Oxnard Treasurer says he struggles to be allowed to do his job

By George Miller Oxnard had horrible financial records. This is not just a matter of opinion, but is documented by multiple outside financial and operational auditors, as well as statements by the City Manager and key staff.  Based on a recent audit, things are much better now, but there are still major problems. The Treasurers’s election race last […]

Oxnard Investment Report- December 2016

Oxnard Investment Report- December 2016

By Phil Molina, Oxnard Treasurer Attached ( Bank Verification 12-2016 ) you will find the monthly cash report which includes the bank verifications, 2 pages summarizing the data in graphic representations plus charts showing a list of detailed investments outstanding as of December 31st. The bank verifications are attached for both the city’s general bank account as well […]

Oops- Oxnard has been funding/subsidizing the Performing Arts Center- without a contract- since 2010

Oops- Oxnard has been funding/subsidizing the Performing Arts Center- without a contract- since 2010

By Phil Molina Fyi ———- Forwarded message ——— From: Molina, Phillip <phillip.molina@oxnard.org> Date: Mon, Feb 20, 2017 at 5:11 PM Subject: I Need City Attorney’s legal opinion immediately To: Stephen Fischer <stephen.fischer@oxnard.org>, Greg Nyhoff <greg.nyhoff@oxnard.org>, Michelle Ascencion <Michelle.Ascencion@oxnard.org> Cc: Jefferson Billingsley <jefferson.billingsley@oxnard.org>, Throop, Jim <jim.throop@oxnard.org>, Ingrid Hardy <ingrid.hardy@oxnard.org>, Eden Casareno <ecasareno@eadiepaynellp.com>, Schwartz, Michael <michael.schwartz@ventura.org> Mr. […]

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