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Extraído del Informe Consolidado

Esta investigación fue publicada originalmente como parte de un informe consolidado más amplio que contiene múltiples investigaciones. Consulte el PDF consolidado para ver el documento completo.

Santa Barbara County Grand Jury • 2015-2016

Guadalupe Shell Game Must End

16 pages
View PDF View Full Original

Findings and Recommendations 11 findings

F1 Page 24
Guadalupe does not generate enough General Fund revenue (sales tax, property tax, and bed tax) to pay for General Fund expenses, such as police and fire operations.
No recommendations for this finding
F2 Page 24
Guadalupe’s current debt payment obligations will increase annually until 2024 (see Table 2) with insufficient corresponding increases in revenue.
No recommendations for this finding
F3 Page 24
The recent passage of Measures V, W, and X will not provide a long-term solution to Guadalupe's financial issues.
No recommendations for this finding
F4 Page 24
There is no revenue to restore salary or benefits to employees who have agreed to furloughs and salary cuts, or to add staff.
No recommendations for this finding
F5 Page 24
There is no revenue to build up a reserve fund for emergencies or pay for needed infrastructure repair.
No recommendations for this finding
F6 Page 24
There is no revenue to eliminate the need for the City of Guadalupe to borrow an additional $330,000 per year to meet General Fund obligations.
No recommendations for this finding
F7 Page 24
Guadalupe is losing $4,000 per month in the Solid Waste Fund, due to faulty accounting practices, resulting in a $240,100 fund deficit as of August 18, 2014.
No recommendations for this finding
F8 Page 24
Guadalupe has, for over 12 years, charged up to 193 percent of overhead expenses through inappropriate interfund transfers from its special funds and enterprise funds to the General Fund.
No recommendations for this finding
F9 Page 24
Guadalupe’s inappropriate transfers included money taken from the State Gas Tax Fund, which was used for purposes expressly forbidden in the Gas Tax regulations.
No recommendations for this finding
F10 Page 24
Guadalupe did not, until recently, follow rules that allow loans of funds from special funds to help finance General Fund activities which must be approved by the City Council, be documented, and include a repayment schedule.
No recommendations for this finding
F11 Page 24
Guadalupe has a large tax liability to the IRS, which started in 2006 as a relatively minor dollar figure, but over the past eight years, with penalties and interest, has grown to over $486,000. 2014-15
No recommendations for this finding