Post by justfacts on Jul 4, 2006 7:52:19 GMT -5
Happy July Fourth!
Now for some partially cryptic messages:
Let's start the countdown until Independence Day for the School District also - less than a year away!
Hopefully some Fireworks may be visited upon us soon and the Independence Day will come sooner - with far less cost!
Ed
Did you know that last year the School District caused about $50,000 to be spent in attorney Fees and lost investment money interest gains in order to try to get $26+Thousand in TAN (Tax Anticipation Note) interest cost moved from being listed on the School District Budget to being listed on the Library Budget?
Do you also know that neither the Library no the School pays this TAN interest? It does not matter which Budget list this cost is on - the money goes into the hands of the TAN Agent that the only the School negotiates with for the TAN interest cost!
And it is only the taxpayer that pays for this cost! IT comes out of the taxpayer's pocket. Not the Library, not the School, not the State!
Last year the total collected by the District for their TANs was $283,700, of which the portion of the TAN interest for Library operations was claimed to be that $26+ Thousand. This year the District plans to collect $495,000 - the library portion will remain at about $27,000!
Some Financial management skill! Some questionable spending!
P.S. There was no financial need for getting such a TAN last year to begin with!
Now for some partially cryptic messages:
Let's start the countdown until Independence Day for the School District also - less than a year away!
Hopefully some Fireworks may be visited upon us soon and the Independence Day will come sooner - with far less cost!
Ed
Did you know that last year the School District caused about $50,000 to be spent in attorney Fees and lost investment money interest gains in order to try to get $26+Thousand in TAN (Tax Anticipation Note) interest cost moved from being listed on the School District Budget to being listed on the Library Budget? Do you also know that neither the Library no the School pays this TAN interest? It does not matter which Budget list this cost is on - the money goes into the hands of the TAN Agent that the only the School negotiates with for the TAN interest cost!
And it is only the taxpayer that pays for this cost! IT comes out of the taxpayer's pocket. Not the Library, not the School, not the State!
Last year the total collected by the District for their TANs was $283,700, of which the portion of the TAN interest for Library operations was claimed to be that $26+ Thousand. This year the District plans to collect $495,000 - the library portion will remain at about $27,000!
Some Financial management skill! Some questionable spending!
P.S. There was no financial need for getting such a TAN last year to begin with!
