PRR: Refunded Bonds
EMMA shows only One Bond Refinanced, 2005 Series C for Seneca Springs Area 6A1, so Why was $9,378,542 Transferred to the Bond Trustee?
PRR: Refunded Bond
On the 2016 Audit, Page 68, Note 13 Subsequent Events claims that the Beaumont Finance Authority Refinanced twelve Bonds with a total of $9,378,542 transferred from the City of Beaumont to Wilmington Trust.
I want to know where the $9.3 Million was derived. Money does not come from ‘the Budget’, there is no budget money tree for which to pick money from. I want to know the source; did the money come from Developer Impact Fees? Did the money come from overcharging Mello Roos CFD Taxes? Or was the money used from a different source.
I want the General Ledger for July and August 2017 that shows which department the money was removed from.
I want the Bond Fund Accounts showing the money deposited into the Bond Fund Accounts.
I want ALL Requisitions submitted by the City of Beaumont, Beaumont Finance Authority, Beaumont Community Facilities District, or whatever other scam Beaumont’s Elected and Appointed Officials are using to funnel money out of the City.