I attended the CivFed meeting last night and while ace chamber of commerce and county board booster "Sarasota Scott" McCaffrey was exchanging pleasantries with a VIP Democrat (her nickname is "Bambi") about their household pets, several CivFed delegates were having a serious discussion nearby about Barbara Donnellan and county water revenues. Turns out the water revenue not only swims from account to account as the result of Barbara's "borrowing" but the county also can't determine where about 13% of the water flowing into the county's water system ends up.
Whatever they are telling the bond rating agencies, it looks to me like the county's broke because of fiscal irresponsibility and lack of controls.
Thanks for your blog.
former R & E committee member
19 comments:
Water revenue was borrowed by the senior citizens travel fund which wast transferred to a checking account at the Cayman Islands National Bank.
Sheesh, I didn't know Barbara was such a good swimmer.
More revenue from taxes and fees that could be earning interest if it weren't "borrowed" at zero interest.
Twenty million borrowed here and twenty million borrowed there..it adds up.
County is literally living 'hand to mouth'. Wonder why they disabled internal auditing 3 years ago? I don't.
Yawn. Any investigation of Barbara's fiscal antics will cost the taxpayer's a million or more, find there was poor financial decision-making by a few low-level employees, and no systemic problem.
Don't tell me, let me guess, the bond rating agencies are all clients of Healthy Companies International?
I just gotta ask...who is Bambi?
Janet Howell? Can't be her.
FYI - the Arlington County Treasurer is Frank O'Leary.
Don't bother Frank. He's busy preparing for the commissioning of the U.S.S. Somerset County with the other VIP 9-11 re-enactors.
The missing water is being siphoned into a secret swimming pool built for plus size VIP Democrats.
Today the water revenue is vacationing in the Channel Islands.
The water fund shoud be reimbursed at least the current going rate of interest the County is getting on the rest of its money for the funds loaned to the General Fund.
Also, is some of the un-accounted for water really water that the County uses but does not meter?
Agreed...and how many other funds are providing no-interest loans that Barbara Donnellan uses for purposes known only to her and the County Board and the bond rating organizations who have advised Barbara not to borrow any more money for any more extravagant projects?
The County really deserves a AAa or Aaa rating. The rating firms are in collusion with Donnellan and the County Board.
C'mon...amount of missing water is huge. Way beyond annual flushing of mains, which I haven't seen done in my neighborhood for several years.
Arlington County resident, businesses, etc., typically use 28 million gallons of water per day. So 28,000,000 X 365 X 0.13 = 1.3 billion gallons of water missing every year.
As if Barbara Donnellan doesn't know what's occurring....Google "Washington Aqueduct Wholesale Customer Board".
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