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Oxnard Treasurer and Mayoral candidate attacked on CPA license

Oxnard Treasurer and Mayoral candidate attacked on CPA license

By George Miller There has been much political battling in Oxnard, including personal attacks on special election candidates, including plenty of mudslinging. Controversial and aggressive Oxnard Treasurer Phil Molina has also been attacked, even though he is not running for office. He has challenged various City financial norms he says are unacceptable and some powerful […]

Oxnard Treasurer to be included in approval of debt issues?

Oxnard Treasurer to be included in approval of debt issues?

By Phil Molina, Oxnard Treasurer  . We the People, The City Treasurer, has been added with the City Manager, ​CFO and City Attorney  as one of the city officers who must review and approve the issuance of debt instruments before the proposal is presented to the City Council. ​Thank you for your assistance in getting […]

State Treasurer Gives L.A. Business Leaders First Look at New, Robust Online Business Development Gateway Designed to Spur Job Creation and Economic Expansion

State Treasurer Gives L.A. Business Leaders First Look at New, Robust Online Business Development Gateway Designed to Spur Job Creation and Economic Expansion

 California State Treasurer John Chiang                                          California Business Incentive Gateway (cbig.ca.gov) matches businesses with economic development opportunities by category, incentive type, location and more SACRAMENTO – California State Treasurer John Chiang today introduced Los Angeles business leaders toCBIG.ca.gov, […]

CA Treasurer increasingly using his office for partisan politics

CA Treasurer increasingly using his office for partisan politics

By George Miller   CA Treasurer John Chiang is increasingly utilizing his office for partisan politics. If you look at his past press releases, you can see that. In the one below, he urges the “Nation’s Largest Institutional Investors to Divest from Sellers of Banned Military-Style Assault Weapons.” Two reasons why this is very bad: 1- […]

Oxnard Treasurer’s Office wins coveted award

Oxnard Treasurer’s Office wins coveted award

By George Miller Oxnard’s investment policy, initiated by new Treasurer Phil Molina in January, has passed muster with the California Municipal Treasurers Association  (CMTA), which certified it in compliance to its stringent best practices criteria in October. The policy was adopted without modification by the City Council on January 24, 2017- see attachment: Oxnard Investment_Policy   The […]

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 […]

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