By: Libi Uremovic | Original Article at patch.com
Finance Director: City of Beaumont 1993 – May 1, 2015 Principal: William Aylward CPA Principal: Mokray/Moody Construction
WILLIAM AYLWARD
8976 Oak Creek Road
Cherry Valley, CA 92223
CPA #47025 Suspended July 5, 2015
Finance Director: City of Beaumont 1993 – May 1, 2015
Principal: William Aylward CPA
Principal: Mokray/Moody Construction
Principal: Beaumont Auto Center (Beaumont Tire and Cherry Valley Auto)
Owns several properties in the Pass Area
As City Finance Director; Aylward was responsible for City’s and the Bonds’ records. Bond Requisitions acquired to date show that $500,000 was paid to William Aylward CPA and $500,000 was paid to Moody Construction through the Bond Fund Accounts.
Moody Construction was also paid $10,782,533.88 through the City Check Warrants from 2000 – 2009.
Beaumont Check Warrants show that Aylward also routinely transferred money to Beaumont Tire and Cherry Valley Auto.
FROM STATE CONTROLLERS REPORT DATED NOVEMBER 3, 2015
“The City did not keep proper accounting records of its component units’— the Beaumont Financing Authority (Authority), the Community Facilities District No. 93-1 (District), and Beaumont Utility Authority (Utility)— transactions relating to Authority, District, and Utility bond issuances totaling $626 million.”
“We were given access to the former Finance Director’s computer files; however, we were able to find only incomplete spreadsheets and copies of requisitions pertaining to the bond transactions.”
“It appears that the former Finance Director was responsible for the accounting of the bonds, as evidenced by payments the former Finance Director received directly from the bond proceeds. Invoices from these payments were described as payments for “reviewing, summarizing, and recording of bond transactions.” Additionally, it is unclear whether these tasks relating to bonds were separate chargeable tasks outside of the responsibilities of Finance Director. The agreement for the Finance Director services was not available for review, as the City destructed the document citing its retention policies.”
“..it appears that the former Finance Director, City Manager, and Public Works Director had complete control over the bond proceeds and each of them was personally benefitting financially.”