Beaumont Negative $28 Million General Fund Balance
With a General Fund Revenue of $16 Million; Beaumont claimed a total Revenue of $183,967,387.06 and total Expenses of $193,076,443.29.
The Consolidated Balance Sheet has listed ‘Claim on Cash’ as a negative balance of -$28,961,354.15.
In Fiscal 2018 the City of Beaumont, with a General Fund Revenue of $16 Million, claimed a total Revenue of $183,967,387.06 and total Expenses of $193,076,443.29. Every year since 2002 the City has spent $6 Million to $12 Million more than they collected in Revenue.
And where is that 2018 Audit that The Pun Group was to have completed by the end of December?
Read City of Beaumont 2018 Balance Sheet here: https://emma.msrb.org/ES122561…
Read City of Beaumont Income Statement here: https://emma.msrb.org/ES122561…