The city’s spending exceeded the city’s income in eight of the last nine
years. 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.
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
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
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
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
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 Has spent more in 8 out of the last 9 years. These annual deficits have reduced the total spendable funds that Dana Point has in cash and investments. The proposed 2018 and 2019 budgets have attempted to reduce over spending but still project deficits each year. A plan for 2020 to 2022 has … Read more
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