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
2024-2025 BUDGET: $60,000 for legal expenses, $60,000 for the Town Clerk!! Office Equipment and Furniture $10,000. CPA Audit (725 person Town): $10,000! Consultant fees: $10,000. Dues & membership $10,000 ( a pattern of 10s..). Town hall lease: $11,400. Mortgage for the new Town Center $28,800. Public works equipment $25,000. Sidewalks $121,806.20 ?!?!?! Where is that grant when you need it?
Resolution 2025-10: Application for grant funding from DCNR for a Comprehensive Zoning Plan. The Town plans to spend $40,000 to match a grant of $40,000 to fund a comprensive zoning ordinance.
Resolution 2025-08: Arboretum lawn and landscape maintenance: The Town authorizes spending $6250 for lawn and landscape maintenance for the 2025 growing season...and so a volunteer project becomes a long term expense...
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***