Dana Point’s $7 Million Budget Fiasco

The city’s budgets need to be much more accurate as a basis for sound financial management of the City. Otherwise, the City Council cannot make informed decisions. For effective management, actual results vs the budget should be continuously reported throughout the year. The FY 2017 budget projected that spending would exceed expected revenue by over … Read more Dana Point’s $7 Million Budget Fiasco

Without the Financial Review Committee, Residents Must Continue to Question City Finances and Demand Action

At the March 6, 2018 city council meeting, Councilmen Muller, Viczorek and Tomlinson continued to shut down the Financial Review Committee (FRC). Last month they passed Councilman Tomlinson’s resolution in a 3-2 vote, stopping the work of the FRC and dismissing its five members. The action of Mayor Viczorek and Councilmen Muller and Tomlinson was … Read more Without the Financial Review Committee, Residents Must Continue to Question City Finances and Demand Action

City to Update User Fees After Years of Neglect Costs Millions

At the May 16, 2018 City Council meeting, the Council finally considered proposed changes to the city’s user fees that have been neglected for over 19 years. In 2015, the city’s consultant reported that taxpayers were basically subsidizing over 64% of the city’s cost to provide services at an estimated yearly loss of $2.5 Million. … Read more City to Update User Fees After Years of Neglect Costs Millions

City Finances: Stop Out of Control Spending

Current Councilmen Muller, Viczorek, and Tomlinson and past Councilman Schoeffel neglected the city’s out of control spending. They failed to provide oversight of the city’s finances, one of their primary responsibilities as councilmen. The city’s spending exceeded the city’s income in eight of the last nine years as is shown here in the Changes in … Read more City Finances: Stop Out of Control Spending

Dana Point City Council to Discuss Budget

The graph shows how much of the city’s available cash has been spent since 2008 when there was approximately $55 million available. The budget shows that spendable cash is projected to be about $24 Million for FY 2018 ending June 30th 2018. If the budget and associated plan is approved as currently presented, it projects … Read more Dana Point City Council to Discuss Budget

Dana Point Finance Review Committee is Established

Dana Point Finance Review Committee

ESTABLISHMENT OF FINANCE REVIEW COMMITTEE PROTECTING DANA POINT’S FINANCIAL FUTURE Recently, the City Council established an independent Finance Review Committee.  The city’s financial reporting is very complex often comprising hundreds of pages, as the picture shows. The Council should welcome and encourage input from the Committee.  More information will enable the Council to make the … Read more Dana Point Finance Review Committee is Established