Latest News
CFD Workshop Transcript: ‘Pay-As-You-Go’
“It about $2.2 million. CalFires asking for a $6.4 Million Station.” By: Libi Uremovic | Original Article at patch.com Beaumont CFD Workshop February 23, 2015: http://www.ci.beaumont.ca.us/index.aspx? … more
Questions For Audit Workshop
By: Libi Uremovic | Original Article at patch.com Questions Regarding the 2013-2014 Financial Statements 1. Why wasn’t the Financial Statements presented to Council by the Auditing Firm of Moss Levy H … more
Beaumont Internal Controls Report – Adding a Cover Sheet Does Not Make a Management Report, but It Does Illegally Alter a Government Document
By: Libi Uremovic | Original Article at patch.com The City has released what they are calling ‘Management Report and Auditor’s Communication Letter’, but is actually the Internal Controls Report: http … more
Citizens Have 5 Days to Submit Questions, but City Has Refused to Release Internal Controls Report
By: Libi Uremovic | Original Article at patch.com FROM THE CITY’S WEBSITE: The City of Beaumont is soliciting questions regarding the DRAFT City and Beaumont Utility Authority Financial Statements for … more
City Sends Lobbyist to Battle State Controller
By: Libi Uremovic | Original Article at patch.com From: “Joe A. Gonsalves & Son” < go*******@go******.com > Subject: RE: SCO Beaumont Draft Report Date: December 10, 2014 at 10:32:49 AM PST … more
State Orders Beaumont to Return $6.5 Million to RDA Successor Agency – Findings and Order of the State Controller
By: Libi Uremovic | Original Article at patch.com December 2, 2014 from the California State Controllers’ Office to the City of Beaumont Finding: The Beaumont Redevelopment Agency (RDA) made unallowab … more
It’s March 6th: Do you Know Where Your Internal Controls Report Is?
Time for Beaumont to Produce their Internal Controls AND Managers’ Report By: Libi Uremovic | Original Article at patch.com The ‘Financial Statements’ are comprised of the GAAP Audit, the Internal Con … more
Beaumont Five Year Expense Report – $5.7 Million Recorded in “Pending Department” in Fiscal Year 2013-2014
By: Libi Uremovic | Original Article at patch.com The City of Beaumont has listed their Expenses for the last five (5) years: The forth largest department listed is the “Pending Department”. The City … more
Beaumont Emails: City Cancels Caltrans Meeting for SR 60
By: Libi Uremovic | Original Article at patch.com rom: Kieran McKiernan [mailto:**@ur*******************.com” data-original-string=”YopZPZdzrxvXI2OwZogGmQ==e58oBUcQyKVxYMTGhrNFvtW1bGYp3DxfomMtxaoqP00T … more
Beaumont to Pay WRCOG $2 Million in Legal Fees
By: Libi Uremovic | Original Article at patch.com Beaumont Press Release Homepage Beaumont Opposes WRCOG Motion Seeking Fees Beaumont, CA—In January the City of Beaumont appeared in court at a hearing … more
Beaumont Bond Fund Spending – The City of Beaumont Does Their Own Construction
By: Libi Uremovic | Original Article at patch.com On December 31, 2014 Steiner Group presented a summary report to Beaumont City Manager Alan Kapanicas tracking the City’s Bond Funds from 2009 to Pres … more
No Gifts or Loans to the Private Sector
By: Libi Uremovic | Original Article at patch.com California Constitution Article XVI Section 6 Public Finance CAN’T GIVE OR LOAN TAXPAYER MONEY The Legislature shall have no power to give or to lend, … more
Laws Governing Collateralized Mortgage Obligations
By: Libi Uremovic | Original Article at patch.com California Debt and Investment Advisory Commission From State Treasurer’s Office: http://www.treasurer.ca.gov/cdiac/seminars/2014/20140312/day1/3a.pdf … more
Beaumont 2013-2014 Utility Authority Audit
By: Libi Uremovic | Original Article at patch.com Beaumont Utility Authority Audit Fiscal Year 2013-2014 On February 27th Beaumont released their Audits for Fiscal Year 2014. The Audits are dated Janu … more
CFD Workshop: What Did We Learn?
By: Libi Uremovic | Original Article at patch.com The Workshop consisted of more Developers than Citizens. And the bond Profiteers Finance Consultant Rod Gun, Bond Counsel McFarlin & Anderson, and … more
Beaumont Plans 2,528 More Sewer Connections
1,500 connections are in Calimesa’s City Limits and 600 are in Cherry Valley. By: Libi Uremovic| Original Article at Patch.com Attached is a map showing that the City of Beaumont is planning 2,528 mor … more
Beaumont Needs another $315 Million To Build Infrastructure, but Fire Stations are NOT on the List
By: Libi Uremovic | Original Article at patch.com What Needs To Be Built The purpose of Beaumont’s CFD Workshop is to sell the idea of more bond debt. The City’s ‘What Needs To Be Built’ page lists th … more
CFD Workshop What Needs to be Built – Fire Stations are NOT on the List
Beaumont Needs another $315 Million To Build Infrastructure, but Fire Stations are NOT on the List By: Libi Uremovic| Original Article at Patch.com What Needs To Be Built The purpose of Beaumont’s CFD … more
CFD Workshop Overview – Beaumont Plans to Sell Bonds Like It’s 1993 Again
By: Libi Uremovic| Original Article at Patch.com Overview What is Beaumont’s CFD? Part of Beaumont’s Comprehensive Public Infrastructure Development Program Area Benefit District and Mitigation Fees R … more
Treasurer’s Office Targets Bond Corruption
Reprinted from the State Treasurer’s Website Treasurer Chiang and Senate Leader Kevin de León Announce Oversight Hearings into Bond Funds Chiang Also Appoints Special Task Force to Design Guidelines t … more