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12-17-2012, 05:45 PM
  #964
blues10
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Quote:
Originally Posted by cbcwpg View Post
Festivus for the rest of us!

On a Glendale note, just a summation of the fund ponzi scheme:

Key Glendale staffers OK'd improper fund shifting

http://www.azcentral.com/community/g...fers-fund.html

Top Glendale administrators, including interim City Manager Horatio Skeete, signed off on improper transfers from a city fund to help make ends meet, according to more than three years of records reviewed by The Arizona Republic.

The records, which include internal e-mails, provide insight on who was involved in the transfers. None of the e-mails about the transfers included now-retired City Manager Ed Beasley, but Skeete recently told the council final decisions always rested with Beasley.

Budget Director Sherry Schurhammer said she and Skeete had recommended providing the council with at least an estimate of the early-retirement penalty, but Beasley chose not to include it in his 2009-10 budget. Beasley could not be reached for comment.

The city auditor who reviewed the Risk Management Trust Fund this spring had raised concerns that Skeete was making it difficult to conduct the audit.

Asked whether he ever questioned or knew that the transfers were improper, Skeete said he relied on the risk manager and the HR head’s recommendation. “It probably should have been discussed more,” Skeete said.
Teflon Eduord. Skeete unknowingly set up to take the fall.

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