Victory is always possible for the person who refuses to quit fighting!!!
"The freedom of speech of private individuals includes the right to not agree, not to listen, and not to finance one's own antagonists." ~ Ayn Rand
Attorney Fees at $53,000 for Oct '22 - May '23!!! Town Gets Sidewalk Credit???!!!
Update 8/22/23: Attorney Bradley Hicks, of Stone Crosby, PC has advised the Town of Magnolia Springs not produce any records. This limits transparency and the back data to these figures. Details here come from the most recent financials. These should be published on the Town website, but with the usual lack of transparency the most recent one available is May, 2023. Some highlights are below.
From the May 2023 Profit and Loss Statement:
May 2023 May 2022 Oct 2022-May 2023
General Fund income: $58,567.46 $65,706.95 1,006,309.11
Attorney Fees $ 4391.54 $ 45.00 53,706.56
Total Expenses $ 22,030.69 $ 32,890.07 440,840.28
Net Income $ 39,163.73 $ 35,313.27 591,582.89
Actual vs Budget: Losses
Expense Budget Loss
Employee Insurance: $ 1174.00 $0.00 $ 1174.00
Consultant Fees 5100.00 0.00 $ 5000.00
CPA Audit 00.00 8000 $ 8000.00
Prof/Attorney Fees 4391,54 $2500 $ 1891,54
Sidewalks (13,772.14) $2000 $ 15,772,14 ****Sidewalk Credit*****???????
For unknown reasons there is a sidewalk credit of almost $14,000 on the books. Mistaken entry? Gift of sidewalks to the Town? The CPA audit either has not been completed or not paid as of this budget, with an $8000 credit showing for the month.
Balance Sheet
Other Receivables: $ 487,590.84
Fixed Assets:
Roads 1,531,139
Bridge 406,122
Land 516,426
Leasehold Improvement 48,461
Vehicles 38,504
Depreciation (619,966)
What exactly are "other" receivables worth a half a million? Who knew....roads are an asset (kinda like a house, they keep on taking). Who really owns that bridge, which is a county highway?
Net Pension Liability (13,889.00) ***CREDIT***